Terminology
Reading a policy schedule
Where limits, sub-limits, deductibles and endorsements sit, and why the schedule and wording must be read together.
Resources
Reference notes, written plainly.
These summaries are provided for general information. They are not advice on any specific policy or circumstance, and they do not replace the wording of a contract of insurance.
Terminology
Occurrence versus claims-made
How the trigger of a policy determines which year responds, and what happens when cover is not renewed.
Renewal
Preparing a renewal submission
The information insurers expect, and how quality of disclosure influences terms and pricing.
Renewal
Valuations and underinsurance
Reinstatement values, indexation and the practical effect of average or co-insurance clauses.
Claims
Notification obligations
What constitutes a circumstance, when to notify, and the consequences of late notification.
Claims
Evidence and record keeping
The documentation that supports a business interruption or property claim, gathered before it is needed.
Governance
Contractual insurance clauses
Reviewing indemnity, waiver of subrogation and additional insured requirements before signature.
Market
Understanding market cycles
Why capacity, reinsurance cost and loss experience move premiums independently of any single account.
Requesting a specific note
If a topic relevant to your industry is not covered here, the office can prepare a short written summary on request.