The Liability Insurance Combo is designed for those new to a commercial role or looking to refresh their knowledge in liability insurances and professional risk, often vital to many New Zealand businesses.
It includes the following 4 short courses:
​General Liability
General Liability is an important cover for most businesses because
it covers them against risks relating to their general business
operation.
The aim of the General Liability module is to enable students to be able
to discuss this type of insurance with clients and to confidently
recommend coverage suitable for those clients. IBANZ's General Liability
module will refresh the experienced, and instruct the newcomer, about
this aspect of liability insurance.
This module includes the following topics:
- The different types of general liability insurance
- Indemnity clause and relevant definitions of words and terms
- Standard policy exclusions
- Policy conditions that are relevant to liability insurance
- Common optional extensions and memoranda that may be available or be applied, and
- Common automatic coverage extensions.
Directors & Officers Liability
Directors' and Officers' Liability Insurance and Company
Reimbursement Insurance is offered to the directors and senior
management of companies who are looking for protection from the costs
incurred in defending themselves or their company against legal actions
and settlements, including claimant costs awarded against directors and
officers that arise out of wrongful acts in the management of the
company.
IBANZ College's Directors' and Officers' module is designed for
insurance brokers who are looking to move into a corporate or commercial
insurance role that involves the insuring of company representatives
for legal action and settlements against themselves and/or their
company; or for insurance representatives who want a refresher course in
this area of insurance.
This module covers the following topics:
Overview of Directors' and Officers' Liability Insurance
- Insured parties
- Basis of cover
- Insuring clauses
- Policy schedule
- Exclusions
- Policy conditions
- Developments
- Case studies
Statutory Liability
Statutory Liability is an important cover for most businesses because
it protects them against financial losses that may arise as a
consequence of an unintentional breach of an Act or regulation.
The aim of IBANZ College's Statutory Liability Module is to enable
students to discuss this type of insurance with clients and to
confidently recommend coverage suitable for those clients.
This Statutory Liability module will refresh the experienced, and instruct the newcomer in this aspect of liability insurance.
This module covers the following topics:
- Overview of Statutory Liability Insurance
- Coverage and limitations of statutory liability insurance contract
- Policy exclusions
- Policy conditions
- Policy extensions
- Meeting clients' needs
- Statutory liability claim examples
Professional Indemnity
Sometimes known as Professional Risk Liability
Insurance, Professional Indemnity (PI) Insurance is offered to protect
business people who receive payment for providing advice or performing a
service against a claim made by someone who feels that business person
has not lived up to their professional obligations.
The aim of the Professional Indemnity Module is to
enable students to discuss this type of insurance with clients and to
confidently recommend coverage suitable for those clients.
This module includes the following topics:
- Overview of professional indemnity insurance,
- Coverage and limitations of a professional indemnity
- Insurance contract,
- Policy exclusions, conditions and exclusions,
- Meeting clients’ needs, and
- Professional indemnity claim examples.