Introduction to Business Interruption Insurance Workshop

Two half-days

7 & 8 May 2025, 09:30 - 12:30 (UK - AM) 

In this online 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.

Public course booking form

Members: £189pp
Non-members: £249pp

To book this workshop for yourself or up to 7 Delegates, please complete the below form:

Corporate (In-house) training

To book this workshop for your company as a corporate, in-house training session for between 8-16 Delegates, on a date that's convenient for you, please complete the below form to register your interest:

Summary

Dates: 7 & 8 May 2025

Timings: 09:30 - 12:30 (UK)

 Duration: Two half-days

 No of attendees: 12-16

 Format: Online - Interactive virtual delivery

 CPD: Recognised 

Trainer: Neil Park

Price: £189 Member / £249 Non-Members

Course Overview

During the workshop, several exercises are undertaken (depending on the emphasis required) but will usually include:

• Calculating the gross profit sum insured.
• Factors that affect indemnity periods.
• Assessing limits for supplier’s extensions.

Example wordings will be used throughout the workshop .

What will I achieve by attending the workshop? 

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.

Corporate Solutions

We are able to offer training specifically for your company as a corporate (in-house) training session, for a set fee.

We can support your business with off-the-shelf courses for those studying our financial services units, our insurance units or those looking to develop their knowledge in a wide variety of technical and leadership areas. A full list of courses can be viewed in our 2025 Corporate Training Catalogue.

Please speak with your Relationship Manager who can explore your learning needs further or contact: business.enquiries@cii.co.uk

Public course booking form

Corporate (In-house) training

Interested in other courses?

For enquiries about this workshop, please email to: business.enquiries@cii.co.uk

Please note: The price of the workshop is based on British Pound Sterling. The purchase price will be processed using the relevant international currency conversion rate at the point of sale. Contact us for further information.

CII workshops are sold on a first come first serve basis, and therefore availability may change, depending on the number of bookings received. Once a workshop becomes full, the above date will no longer be available, and new dates will be published.

We reserve the right to postpone the above workshop dates, subject to a minimum number of bookings received. Your booking will only be confirmed, once payment has been processed and you receive a booking confirmation email from the training team.

Can't attend on this date? Register your interest in other training workshops and future dates.

Please ensure you refer to our terms and conditions before booking on to any of our training workshops. By booking on to this workshop, you are agreeing to our terms and conditions and for your information to be shared with our training provider.