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Learn Module Detail
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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
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Objectives
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- Discuss the implications of client actions on various statues covered by Statutory liability covers.
- Recommend suitable coverage for clients
- Discuss what Statutory Liability insurance is with clients
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