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Intermediate Business Interruption Insurance

Summary

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.

Course 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

Ready to book?

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

Any questions?  

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