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Intermediate Business Interruption Insurance

Level:Intermediate Duration:Half Day CII CPD Hours:3

 

Course date: 14th December 2021     9:30am – 12:30pm

 

This half-day workshop will provide delegates with an understanding of how a business interruption
insurance policy operates and how to correctly calculate an insurable gross profit sum insured from
accounting information; consider why the sum insured is too often incorrect, and identify the
necessary length of an indemnity period.

The workshop is aimed at those with 12 months experience of business interruption insurance, or
anyone wanting a refresher.


Workshop Content

  • How a business interruption policy provides cover – key clauses and terms
  • How to use a report and accounts and a profit and loss account to calculate an insurable
    gross profit sum insured.
  • What cover is provided for increased costs of working
  • Declaration link cover – what it is and is not
  • Assessing an indemnity period
  • Key cover extensions

Learning objectives

  • Understand how a business interruption policy provides cover and links to the material
    damage policy
  • Understand how to calculate an insurable gross profit sum insured using the correct financial
    information, and identify common pitfalls
  • Know what factors will influence the correct length of an indemnity period
  • Be aware of the key extensions found in a BI policy, and how they fit into the wording

Book your place

To secure your place on this training session, please email: training@ssluk.net with the name(s) and email address(es) of those who are looking to attend.

Once your booking is confirmed, you will be sent a booking confirmation email and an invoice requesting payment.

    Enquire about course availability

    Contact Us

    0117 244 7221