Products Liability and Financial Loss

Products Liability and Financial Loss

Financial loss is one of the most widely misunderstood cover areas. This technical session looks at financial loss cover, when and where it is needed and the various cover options available.

Content & Learning

• What is ‘financial loss’ and how does liability for it arise?
• Types of financial loss cover available.
• Explanation of various financial loss exclusions, their importance, and issues to consider including contractual liability exclusions.
• Financial loss extensions
• The businesses that need to buy financial loss cover

David Hole ACII – technical insurance trainer

David is an experienced insurance professional with a career spanning 39 years; he has enjoyed wide exposure in the London Insurance Market and elsewhere resulting from his industry-specific training activity.

David is a part-time complaint manager for a Lloyd’s coverholder, as well as a subject matter expert for the Chartered Insurance Institute, authoring and updating modules for the CII computer-based training programme, Broker Assess. His experience includes Head of Claims at Plum Underwriting Ltd, where he was responsible for managing the relationship between insurers and claims third party administrators, handling larger claims received via technical referral processes.

David has been delivering technical insurance training for over 20 years, to a variety of different industry customers in the UK and abroad and provides examination support for clients undertaking CII studies to achieve industry recognised designations. He provides training on many general insurance classes up to at least intermediate level to include motor trade insurance, cyber, marine cargo, commercial property, business interruption, liabilities, construction, engineering, and trade credit. He also delivers more generic underwriting and claims training.