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What to Expect from Your Insurer When You’re Defending a Claim

Code: 13989-DL

List Price:  $0.00

List Price:  $299.00

Member Price:  $199.00

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Find out how a third-party insurance claim is handled and how it impacts underwriting decisions.  Learn how to interpret your firm’s loss ratio.  Hear what happens from the day you report a claim to your professional liability insurer to the resolution of the claim, and how each step has an effect on our renewal premium.

Most engineering firms, regardless of size, must defend a professional liability claim and look to their professional liability insurance carrier for coverage.  This session identifies what the engineering firm should expect from its insurer, and discusses how the professional liability insurer handles a claim – from the date of notice to the impact on the renewal premium.  The session will also give the engineering firm a recommended approach to risk management and a better understanding about the firm’s interaction with its insurer.  The session will attempt to dispel common myths about the professional liability claims process.

Learning Objectives:

  • Get a firsthand description of how the claim is handled by the insurer
  • Learn how a claim makes its way to the firm’s loss run, and how it may impact underwriting decisions and renewal premiums
  • Find out the extent  of the interaction between claims and underwriting. Learn how underwriting weights various claim details, and hear about methods to mitigate the impact of the loss history
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Year Published: 2016

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