Claims Made Insurance Policies – Part 2

For well over 50 years, Claims Made Policies have caused insurance practitioners and their clients much frustration, confusion and disappointment. Despite attempts to abolish the Claims Made Policy in favour of the losses occurring basis, the Claims Made Policy is alive and well and unlikely to disappear from the insurance scene for the foreseeable future.

Our second webinar in our series on ‘Claims Made Policies’ took a closer look at the definition of ‘circumstances which may give rise to a claim’; how to recognise them and what to do. Here we look at the mistakes often made by the insured in trying to fend off claims themselves and how the broker should be available to assist the insured without putting themselves at risk.