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Home Insurance
- Can I own a home without domestic package insurance?
- Can I purchase domestic package insurance if I'm renting a house?
- How are claims paid under various Sections?
- How do I file a claim under domestic package insurance?
- How often should I review my policy?
- What information do I need to provide to my agent,broker or insurer when proposing or renewing cover?
- What is a standard domestic package insurance cover?
- What is domestic package insurance?
- What kind of domestic package cover is adequate?
- What should I do if I am leaving the house unoccupied for sometime?
- What type of insurance do I need for a house purchased through a mortgage?
- Which are the common types of misfortunes covered in a domestic package insurance?
- Why is it important to take a home inventory?
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Motor Insurance
- How do I file a motor insurance claim?
- How is the premium of motor insurance determined?
- Is motor insurance compulsory in Kenya?
- What are my rights when filing a claim?
- What are the different types of motor claims?
- What are the different types of motor insurance certificates in Kenya?
- What are the different types of motor insurance policies?
- What are the duties of insured person in the event of an accident?
- What are the duties of the insurance company in the event of a claim?
- What are the main documents required in settling a claim?
- What information is required when proposing for<br>insurance?
- What is motor Insurance?
- What should I do if I am involved in an accident?
- What should I do if I have a problem with claim<br>settlement?
- What steps are taken by an insurance company before a motor insurance claim is settled?
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Medical Insurance
- Am I insured while out of the country?
- Do I need to continue paying my monthly contribution to NHIF if I have medical insurance policy?
- Does medical insurance cover all hospital bills?
- Does my policy cover conditions existing before I took up the insurance?
- Does the policy cover all my children?
- Does the policy cover the insured in old age?
- How are medical bills paid?
- How do I apply for medical insurance?
- How do I benefit from NHIF membership?
- How will the hospital know that I am the insured?
- What happens in case of an emergency?
- What is medical insurance?
- Who does an in-patient policy cover?
- Who does an out-patient policy cover?
- Will the policy compensate me for all kinds of treatment that I receive?
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Agriculture Insurance
- Agriculture insurance underwriting and claims
- Challenges of crop insurance
- Index Based Livestock Insurance
- Index based weather insurance
- Introduction to agriculture insurance
- Livestock Insurance
- Other types of agriculture insurance
- Perils that affect the agriculture sector
- Poultry Insurance
- The International Agricultural Insurance Market
- Types of Crop Insurance
- What is Agriculture insurance?
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Aviation Insurance
- Aircraft Hull and Liability Cover
- Aviation Hull War and Allied Perils Cover
- Aviation Insurance Underwriting and Rating
- Introduction to Aviation insurance
- Laws Relating to International Trade or Carriage of Passengers by Air
- Loss Adjusting and Surveying Aviation Insurance
- The Aviation Insurance Market
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Business Interruption Insurance
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Common Factors in Property Insurance
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Emerging Issues and trends in general insurance
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Engineering Insurance
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Fire and Perils Insurance
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Liability Insurance
- Classes of liability insurance
- Directors’ and Officer’s Liability Insurance
- Employers Liability Insurance
- Introduction to liability insurance
- Legal Expense Liability Insurance
- Products LIability Insurance
- Professional Indemnity Insurance
- Public Liability Insurance
- Trustees’ Liability Insurance
- Work Injury Benefit Act (WIBA)
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Marine Insurance
- Arranging for marine insurance
- Effecting Marine Insurance market
- International Contracts of Sale(INCOTERMS)
- Introduction to Marine Insurance
- Marine Insurance and Trade
- Marine Insurance Claims
- Marine Insurance Policies
- Marine Insurance Underwriting and Rating
- Marine Perils
- Principles of Marine Insurance
- The marine Insurance Markets
Professional Indemnity Insurance
This insurance policy provides protection to professional people against their legal liability to compensate third parties who may sustain injury or damage to their property through the negligence of the professional person or that of their employees or due to breach of contractual duty.
Professional persons include:
- Stock brokers
- Architects and surveyors
- Accountants
- Lawyers
- Pharmacists
- Doctors and clinical officers
- Insurance brokers
The basic legal position is that every person who enters a learned professional undertakes to bring to it a reasonable degree of care and skills. The professional person does not undertake to produce a certain positive result or to use the highest degree of skills but they must undertake to exercise a fair, reasonable competent degree of skills. Failure to do this may leave the professional person exposed to demand for damages by those who may suffer loss or injury as result.
Causes of Liability
The main causes of liability are:
- Breach of professional duty
- Breach of common law duty
- Breach of contractual duty
- Hedley-Byrne rule- occurs where a professional gives advice in the casual manner and the client suffers financial loss.
Professional risks may be classified into three categories;
- Where they may result in bodily injuries including death
- Where they can result in financial loss including loss or damage to properties
The Cover
A professional Indemnity policy undertakes to indemnify the professional persons for damages or breach of professional duty which may be made against them during the period of insurance due to any negligence acts, errors or omissions committed in the course of business.
Cover is on “claim made basis” this means that, provided the claim is made during the period of insurance, it does not matter when the act of negligence giving rise to it took place.
The underwriter normally assesses the risk very carefully to see that nothing had happened in the past history of the proposer which would be likely to produce a claim in the future. Had there been such an occurrence, any resulting claim would be excluded from the policy. In the event of non- disclosure of a material fact, the insurer would be able to avoid the policy.
Costs incurred in the defense or settlement of a claim, with the written consent of insurers are also covered. The limit of indemnity is an aggregate for any one period of insurance rather than any one claim or occurrence.
Extensions
The policy may be extended to provide cover for;
- Label and slander
- The dishonesty of employees
- Incoming partners – for work in previous practice
- Outgoing partners – for continuing liability for work performed whilst they are partners
- Loss of or damage to documents
- Breach of authority i.e. where the partner goes beyond their powers as agents of the business.
The Key Underwriting Fixtures
- Professional qualification of the proposer and or partners
- Total number of partners and staff
- The number of offices from which the business is conducted
- Claims history
- Indemnity limit selected
- Amount of deductible borne by the insured
- Years the company has been in operations
Libel and Slander Insurance
A libel and slander policy can be provided as an extension of a professional indemnity policy. It is not possible to provide indemnity in a general public liability policy because damages in this policy are awarded for injuries rather than those involving physical loss or damage.
The policy indemnifies the insured against liability at law for damages and claimant costs and expenses in respect of claims against the insured and notified during any period of insurance for:
- Libel
- Slander
- Infringement of trademarks, registered designs, copyrights or patents published in specified publications.
The policy also provides cover in respect of:
- Withdraw expenses sustained to the extent which such expenses cannot be avoided or curtailed less any saving or recoveries
- In giving effect to alteration to publications required by the insurers or by the order of the court.