Principles of Insurance

• 30 Minutes
• For all staff
• UK

Every insurance policy rests on seven basic principles that govern the rights and obligations of both insured and insurer. This 30-minute course helps staff identify those key principles, including utmost good faith, insurable interest and indemnity, apply them in day-to-day work, and recognise how recent legislation has changed the way some of them operate.

Staff who know the process but not the principles behind it struggle when a case does not fit the standard path, which is exactly when the decision matters most. Legislative change has also moved several of these principles from where long-serving colleagues learned them. Grounding the whole team in the fundamentals produces better technical decisions and fewer disputes that could have been avoided.