Cookies on the CII website

By using and browsing the CII website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Chartered Insurance Institute
Recently added to my basket
 
Sorry but there was an error adding this to your basket. Please try adding it again
 
 

Advanced business interruption insurance - issues and updates
- one day course
 

Overview

The aim of the course is to develop and update delegates' knowledge of business interruption insurance. Using a mixture of practical exercises and case studies, delegates develop solutions to some of the more complex issues and policy disputes that arise today in the business interruption insurance market and then discuss the effects of the solutions they propose.

Programme

  • Calculating gross profit - some issues, considerations and pitfalls
  • Depreciation - current position, wording amendments that brokers should request/be aware of
  • Suppliers extensions - calculating limits, defining suppliers
  • Outsourcing - how to ensure policy covers adequately
  • Wide area damage - position after Orient Express Hotels v General 2010 decision
  • Fines and penalties - variation in extension wordings, dealing with no contractual commitments
  • Definition of indemnity period - damage or interference?
  • Indemnity periods - how to assess the correct MIP
  • Flexible limit of loss policies
  • Duty of brokers to explain gross profit - Arbory v West Craven Services 2007
  • Non-standard extensions/clauses - e.g. loss of attraction, new business, loss of interest, option to convert to output, unreasonable delay.

Note: The nature of the course means the content is likely to vary.

Learning outcomes

By the end of the workshop delegates will be able to:

  • Review and update client's current business interruption coverage in light of recent policy developments and policy disputes
  • Advise clients appropriately on the selection of correct basis of coverage, maximum indemnity period and sum insured or loss limit
  • Review business interruption policy wordings to ensure they include appropriately worded and clear policy extensions
  • Advise clients on what support they will require in the event of a large business interruption claim.

Who should attend?

This course has been designed for delegates with previous involvement in business interruption insurance but who wish to refresh their knowledge and ensure they are up to date.

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.

Book online

Regional venues sold out!

Scheduled regional dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.

London venues sold out!

Scheduled London dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.