What is all risk cover and do I need it?
30 Mar 2021
In the third webinar in our Risk Transfer - under the spotlight series, James Mullins was joined by Richard Wellard and Kieran Mistry to explore what all risk cover is and if you need it.
Picture the scenario – a number of years after buy-out has been completed and it comes to light that members’ pensions weren’t quite insured correctly, or some members were missed from the insurance policy all together. Now, some insurers will cover the risk, but this “all risk” cover comes at a cost and not all insurers are willing to provide it.
We discussed the process of pricing all risk cover, its value, and the alternatives to help you objectively assess whether all risk cover is right for your scheme.
- Residual risk options : (07:33)
- What residual risk does and doesn’t cover : (18:37)
- Do you need all risk cover? : (22:27)