Webinar recording: Demystifying the Jargon - Part 1: Insurance
Date recorded: 13 May 2021
Every profession has its own jargon. Terminology used daily by those within a profession, but which is often foreign to outsiders. In our May webinars, presenters from the informed risk management team and Planned Cover insurance brokers will demystify some of the jargon which is commonly used in the insurance and legal professions.
In this webinar recording, informed Risk Manager Natalie Sullivan and Planned Cover National Business Manager, Cos Cirocco will explain the following insurance concepts and the important practical implications they have for your insurance cover:
• claims made insurance
• occurrence based insurance
• retroactive dates
• subrogation
• costs inclusive / costs exclusive excess
• run-off cover
• project specific insurance
Learning Objectives
Following completion of this webinar, you will have an improved understanding of some common insurance concepts, be able to interpret and apply these terms with confidence when used in insurance policies, contracts and other key liability documents, and recognise how they can be used to offer you protection or to increase your risk exposure.
Units of Competency / Performance Criteria (as per the National Standard of Competency for Architects 2021)
Design: Project Briefing 1.1
Practice Management: 9.2, 9.7
Cost
Standard - $80
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