When a Loss Occurs – What Does Your Insurance Actually Cover?

When a Loss Occurs – What Does Your Insurance Actually Cover?

Increased insurance risk, underinsurance and common insurance disputes

Insurance policies often remain in place for years, while the value of assets, business operations and associated risks continue to change. Using practical examples, the seminar will explore when insurers need to be notified of changes in circumstances and how to avoid situations in which insurance coverage no longer meets actual needs when a claim arises.

At the Business Breakfast, we will discuss questions including:

• When does an increase in insurance risk occur?
• When and how should insurers be notified of changes?
• How does underinsurance arise?
• What are the most common gaps in insurance coverage?
• How should insurance policies be reviewed regularly?

The aim of the seminar is to help participants understand which changes may affect their insurance coverage and what preventive steps they can take to avoid unexpected disputes and insufficient compensation when a loss occurs.

Participants will also gain a clear understanding of how to manage their insurance policies more effectively and proactively prevent disputes related to claims.

The seminar will be led by Triinu Hiob, Partner, and Hanna-Lisa Kuslap, Attorney-at-Law, from NJORD Advokaadibüroo.