QLS Essentials: Insurance Law - Brisbane
Aug 2015 |
Insurance is important (and often compulsory) for organisations and individuals alike. Understanding the language of insurance policies and the applicable legislation is essential for every legal practitioner, no matter what practice area.
At the QLS Essentials: Insurance Law seminar, Special Counsel Nola Pearce and Senior Associate Rochelle Rieck will introduce you to the fundamental concepts of the Insurance Contracts Act 1984 (Cth), interpretation of insurance policies and some of the common types of insurance policies.
Policy fundamentals
In order to fully grasp insurance concepts and to navigate the wording of insurance policies, it is important to understand the common language used throughout all polices. This session will provide an explanation of common insurance terminology, an overview of the common parts of an insurance policy and introduce some of the significant sections of the Insurance Contracts Act 1984 (Cth). With reference to current cases and legislation, Nola and Rochelle will:
- clarify the language used in policies such as insured, insurer, premium, excess and insured interest
- discuss each part of a policy including the insuring clause, extensions, conditions and endorsements
- explain disclosure requirements
- highlight the differences between ‘claims made and notified’ and ‘occurrence based’ policies
- outline the concept of dual insurance.
Common exclusion clauses and policies
Nola and Rochelle will delve into the detail of common exclusion clauses and explain the insurer’s approach to confirming cover and the sorts of things to consider when advising clients about the extent of the cover provided by the policy. Current cases and legislation will also provide further perspective. The session will conclude with a basic introduction to the most common policies available in the market, such as:
- Professional Indemnity
- Public Liability
- Product Liability
- Directors and Officers
- Business Interruption
- Construction Insurance (various forms)
Taking place from 9.00am - 11.15am on Thursday 20 August 2105, this seminar is aimed at early career lawyers, and will provide a valuable refresher to more senior practitioners and a basic introduction to insurance concepts for non-practitioners.
To find out more or to register, click here.
