Insurance serves as a cornerstone of risk management, providing a vital financial buffer against uncertain and potentially disruptive events. It functions on the principle of risk transfer, where an individual or an entity (referred to as the insured) transfers their potential risk to an insurance company (the insurer) in exchange for a premium, a fee calculated by the insurer. In the event of a covered incident leading to a loss, the insurer fulfills its commitment by disbursing a predetermined sum of money to the insured party, facilitating their recovery.
The insurance landscape is wide and multifaceted, housing various forms and categories of insurance to cater to diverse needs and circumstances. The spectrum encompasses health insurance, life insurance, auto insurance, home insurance, business insurance, and more. Each insurance policy is unique, characterized by its specific terms and the scope of its coverage. Furthermore, the premium charged by the insurer can vary substantially based on several factors. These factors may include the extent of risk involved, the coverage amount, as well as the policyholder's age, health status, and occupation.
To guide individuals through the intricacies of the insurance industry, we have curated a tailored workshop. This immersive educational journey aims to illuminate the technical aspects of insurance, focusing on a variety of specialized insurance policies. These include but are not limited to Contractors’ All Risks, Plant & Equipment, Machinery Breakdown, Consequential Loss, Professional Indemnity Policy, Electronic Equipment, Political Violence, and Decennial Policies. By demystifying these elements, the workshop aims to equip individuals with the knowledge and skills necessary to effectively navigate the complex terrain of the insurance industry.
ABOUT THE FACILITATOR
The workshop will be led by an experienced insurance professional with a deep understanding of the industry and its practices.
The workshop will be conducted in-person or online and will include a mix of presentations, case studies, and interactive exercises.
Participants will have the opportunity to ask questions and engage in discussions with the facilitator and other participants.
Understanding FIDIC Contracts and Required Insurances
A Comprehensive Study of Contractor's All Risks Policy
Exploring the Differences between Contractor's All Risks and Erection All Risks Policies
Analyzing Contractor's All Risks Policy Clauses and Endorsements
Delving into the Details of Plant and Equipment Insurance
Navigating Through Machinery Breakdown Insurance
Consequential Loss/Business Interruption Insurance: An In-Depth Look
Electronic Equipment Insurance: Scope and Features
Professional Liability Insurances: Understanding and Managing Risks
War & Political Violence Insurance: Mitigating Global Risks
Demystifying Decennial Policies