Start your learning journey

Business Interruption Insurance – Advanced

This participative workshop provides a more detailed study of some of the more complex features of business interruption insurance.

An analysis of typical customer attitudes to business interruption insurance and the role the broker plays in overcoming problems the cause
A comprehensive review of all business interruption covers including gross profit, revenue, fees, increased cost of working, additional increased of working, rent, book debts, engineering BI covers and advanced BI covers
A study of the essential features that have a bearing on the setting of the maximum indemnity period, with exercises to show how some businesses may require different considerations
The principles of claims handling and the role of the loss adjuster in business interruption claims
A comprehensive look at the range of extensions available with discussion on how these can be selected to provide appropriate cover for a client
Detailed examination of the Business Interruption extensions commonly requested
End of course quiz

How business interruption insurance covers work
How to overcome problems handling this class of business
The main features of a business that will affect the setting of the maximum indemnity period, and how to use these to determine the most appropriate policy for a client
The difference between full value and first loss covers and the advantages and disadvantages of both
The information required to set up advanced business interruption covers and why underwriters need this
The main features of engineering business interruption covers
How cover for damage occurring away from the client’s premises needs to be assessed, and what information is needed to agree appropriate cover for a client
How a gross profit claim is settled and the role of the loss adjuster in claims settlements
The purpose of the salvage sale, accumulated stocks, departmental, alternative trading and new business clauses

Simply complete the booking form with your details and a member of our team will be in touch with the next available dates.

If you’re not quite sure if this course is suitable or are looking for further information, call our team on 0117 244 7221.