Q: I am working for a major company in accounts department. We normally do have different types of insurance claims. Currently I am involved in claim administration. Prior to this job I was involved in purchasing insurance for our company. I would like to take up the job of loss adjuster with some professional adjusting company. How to go about this? A: You already have exposure in handling insurance and insurance claims. First, I would suggest you to take up some professional courses offered by various professional institutes like Insurance Institute of India, Chartered Insurance Institute of UK. Very recently CII has entered into a tie up with a company named JWZ Solutions and they are currently undertaking road-shows in Saudi Arabia to promote professional insurance education in Saudi Arabia. CII offers credits to some courses offered by BIBF, based in Bahrain. You may directly visit the websites of CII and III to get the relevant qualifications available and suitable to you. They have qualification focusing the adjusting/survey subjects. Examinations are normally held twice a year. Once you acquire the necessary qualification then you may get a right opportunity in a loss adjusting organization/insurance company or you may become more professional in your current role.Q: I am 20 years of age, and I am holding a valid driving license. My father is using his company car. I am keen to drive that car but my father always objects saying that if any accident occurs the insurance company will not provide payment as I am not an employee of the company. I would like to know whether I can drive the car and if any accident occurs, our insurance company will meet the claim? A: The vehicle belongs to the company of your father and is insured through them. Normally, most of the insurers and insurance policies give a blanket description of the person authorized to drive the vehicle. The most common description used by the insurer is “any authorized driver having a driving license and not below the age of 21 years with permission from the owner of the vehicle.” However, some insurers double the excess for drivers, who are less than 21 years of age and some insurers exclude drivers below 21 years of age and some may put a flat deductible which is 3 to 4 times the normal excess. The copy of the policy, which you have provided, clearly states that the authorized driver is a person who is having a valid driving license and is authorized by the insured. In this case you need to have letter of authority from the company to drive the vehicle, then you will be covered. Regarding age factor, as it is not mentioned in the papers please get the confirmation from the insurer as to the age requirement and whether any special deductibles are applicable for drivers below 21 years of age.• Shujaath Ahmed Khan, an M.B.A., General Manager, Creative Associates is also a consultant and an expert in Insurance, Investments and Real Estate. He can be contacted at [email protected], website-www.creativeassociates.blogspot.com __
