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Gain a solid understanding of risk management and how insurance is used as an effective mechanism to transfer risk; |
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Identify pitfalls in their insurance programme and what questions to ask of their broker and insurers; |
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Work with their broker and insurer to negotiate the optimum coverage available (including analysis of eCommerce risks, directors' & officers', professional liabilities and terrorism insurance);
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Better understand insurance market cycles, and evaluate the strength and suitability of insurers (including Lloyds' and Bermuda); |
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Evaluate and review the effectiveness of their current insurance relationships. |