This highly interactive workshop series provides participants with insight into the principles and practices of business interruption insurance. It also explores the aspects which need to be understood by those involved in providing technical or administrative services. It is specifically designed for personnel at insurance, brokerage and loss adjusting companies or organizations whose staff requires in-depth knowledge of Business Interruption Insurance. The assumption is that participants would have attended Part 1 or will have prior advanced knowledge of BI Insurance.
At the end of this session participants will be able to:
- Recall the key components of a BI policy written on a Gross Profit basis
- Explain how business interruption claims are handled using a BI claim calculation on a Gross Profit basis
- Describe the implications of Loss of Gross Profit –
- Reduction of Turnover
- Increase Cost of Working – ICOW
Bookings are closed for this event.