Property Coverage Workshop
In this working policy analysis session we’ll examine some areas of the property and business interruption policy that frequently give rise to claims problems and disputes. Using an interactive workshop approach, with case studies, break-out sessions and pop quiz formats, we’ll look at some advanced and emerging problem areas in today’s typical coverage forms. Participants will be equipped to identify areas of concern, and develop some potential solutions that will improve contract certainty.
Topics examined will include:
- Retentions and sublimits – the C-Suite wants to know the size of the organization’s retention in the event of a major loss. Do you know the answer? We will learn how to measure the impact of sublimits, percentage deductibles and waiting periods, and identify some potential pitfalls.
- Options to repair replace or make alternative investments - does your coverage provide the flexibility necessary to keep up with the pace of change in your organization?
- Deadlines – important time constraints and obligations are scattered throughout the policy. Learn where they are, and how they can affect claim strategy.
- Troublesome coverage triggers – we’ll look at some coverage triggers and extensions that are not all they seem.