Introduction to Business Interruption Insurance Workshop
17 & 24 September 2024, 13:30-16:30 (UK)
Online Training
In this 2x half day virtual training workshop we provide participants with an overview and an update on Business Interruption Insurance.
We also discuss how brokers can ensure the sums insured and maximum indemnity periods are adequate and how we can ensure that customers understand both the benefits and limitations of the policy coverage to prevent any potential disputes.
Workshop objectives
By the end of the workshop, participants will be able to:
- Explain the benefits of Business Interruption Insurance
- Explain in detail how a gross profit figure is arrived at from a set of accounts
- Explain in detail the workings of the standard gross profit, revenue and fees policy covers and definitions and explain how they work in practice to enable delegates to select the most appropriate cover for their clients
- Explain the difference between declaration linked and traditional (sum insured) methods of arriving at a gross profit figure and recognise the advantages and disadvantages of both
- Outline how the Covid 19 Business interruption litigation has impacted Business interruption insurance
- Explain in detail the main features of a business that will affect the setting of an appropriate maximum indemnity period
- Describe the typical coverage extensions provided on a Business interruption policy
- Detail how a simple claim is settled and the role of the loss adjuster
- Recognise the main features of a risk that will influence an underwriter in their assessment of acceptability and rating
Who should attend?
Brokers, underwriters, risk surveyors, loss adjusters, and those who are new to Business Interruption Insurance or seeking to consolidate their technical knowledge.
Trainer
Neil Park MA FCII
Method of Delivery
This workshop will be delivered online with a trainer via Microsoft Teams, over two half-day sessions, on the 17 & 24 September 2024, 13:30-16:30 (UK). Delegates must ensure they have access to Teams to join the session.
Certificate
At the end of this workshop, you will receive a certificate of attendance from the Chartered Insurance Institute.
Price
- Members: £169
- Non-members: £229
How to book
To register for this course, please complete the below form:
For enquiries about this course, please email to: business.enquiries@cii.co.uk
Please note: courses are sold on a first come first serve basis, and therefore availability may change, depending on the number of bookings received. Once a course becomes full, the above date will no longer be available, and new dates will be published.
We reserve the right to postpone the above course dates, subject to a minimum number of course bookings received. Your booking will only be confirmed, once payment has been processed and you receive a booking confirmation email from the training team.
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