PDI - Liability Insurance

Learning Outcomes

On completion of the module, students are expected to be able to:

• outline and assess the principal factors involved in the assessment of liability risks according to different business activities;
• define and analyze the scope and the start-to-end practice of principal liability insurance contracts according to the nature of business and the need of the company; and
• interpret and perform tasks on insurance matters independently including quotation, portfolio performance of underwriting, suggestion of negotiation strategies, reviewing performance of claims of principal liability insurance contracts according to requirements of both the insured and the insurer under different factors of consideration.

Learning Contents

1. Employers’ liability including Employees’ Compensation Insurance and compulsory insurance requirements

• Third Parties (Rights Against Insurers) (Cap 273) Ordinance
• Employees Compensation Assistance (Amendment) Ordinance 2002
• Employees’ Compensation Ordinance Cap 282
• Employees’ Compensation Insurance including underwriting, rating, surveys and claims

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2. Public liability

• Legal Liability, Tort, Negligence, Occupiers’ Liability, Nuisance, Trespass, Strict Liability, Vicarious Liability, The Building Management (Third Party Risk Insurance) Regulation i.e. Building Management Ordinance (Cap 344), Liability under Statute or contract and Defamation

3. Other Legal Liability insurance

• Product liability insurance, professional indemnity insurance, directors’ and officers’ liability insurance and other specialized insurance

4. Policy cover

• Policy wordings, definitions, special specifications and features terms and conditions, exclusions and exceptions, extensions, clauses and common endorsements such as Cross Liability Clause, Occurrence and Claim Made Basis.

5. Risk assessment and underwriting

• Questions within the proposal form; premium bases; wages adjustment schedule; rating of risks; classification of risks; and underwriting of individual risks, Common indemnity and insurance clauses including the provisions of clauses in the Standard Form of Building Contract issued by the Joint Contracts Tribunal

Entry Requirements:

• Five HKDSE subjects at Level 2 or above, including English and Chinese Languages with 2 or more years relevant full-time work experience; or 
• Five HKCEE subjects at Grade E/Level 2 or above, including English* and Chinese Languages with 3 or more years relevant full-time work experience; or 
• Completion of a QF Level 3 programme that is deemed acceptable to the respective Programme Committee; or 
• Relevant Recognition of Prior Learning (RPL) qualification(s) at QF Level 3 or above AND a pass in an admission interview; or 
• Other relevant verifiable prior learning and/or work experience that is/are deemed appropriate by respective Programme Committee AND a pass in an admission interview.

Continuing Education Fund

The modules of “Professional Diploma in Insurance” (PDI) have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes (https://www.wfsfaa.gov.hk/cef). The mother course “Professional Diploma in Insurance” of the modules is recognised under the Qualifications Framework (QF Level 4).

For the modules commenced on or before 31 March 2022 (the 1^st module should be commenced on or before the date), CEF claimants would be eligible for fee reimbursement upon their successful completion of any 4 modules selected from PDI (CEF Course Code: 33F11053A), with the fulfilment of both the minimum attendance requirement of 70% AND passing each of the 4 modules at 50% or above.

For the modules commenced on or after 16 August 2022, CEF claimants would be eligible for fee reimbursement upon their successful completion of any one module selected from PDI with the following CEF course codes, with the fulfilment of both the minimum attendance requirement of 70% AND passing the module at 50% or above.