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Chartered Insurance Institute
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Introduction to business interruption insurance - one day course

Overview

This course provides an introduction to the principles and practices of business interruption insurance. It explores the aspects which need to be understood by those involved in providing basic technical or administrative services.

Programme

  • Covers available including gross profit, increased cost  of working and book debts
  • Policy cover including extent of cover, conditions and exclusions applying and extensions available
  • Declaration linked covers and indemnity periods
  • Risk assessment and rating commonly used
  • Risk management and contingency planning
  • Principles of claims handling and the role of the loss adjuster in business interruption claims.

Learning outcomes

At the end of this course you will be able to:

  • Recognise some of the problems in handling this class of business
  • Understand the basic factors that will affect the setting of a correctly forecasted estimate  or sum insured for gross profit, revenue and fees cover
  • Identify the main features of a risk that will influence an underwriter in their assessment of acceptance of cover
  • Demonstrate how a simple claim is handled.

Who should attend?

This course will be suitable for those already working in the field of commercial property but who wish to extend their work/knowledge into business interruption.

Follow-on course

Intermediate business interruption insurance

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.