Business Interruption Insurance Course

This participative workshop provides an introduction to the principles and practices of business interruption insurance. It explores the aspects which need to be understood by those involved in providing basic technical or administrative services.

CONTENT

• Recognise some of the problems in handling this class of business and understand how the cover works alongside the material damage cover
• Explain the difference between a standing charge and an uninsured working expense and identify which figures from a set of accounts need to be included in the cover
• Outline the factors that will affect the setting of a correctly forecasted estimate or sum insured for gross profit, revenue and fees cover
• Describe the features of a business that will affect the setting of an appropriate Maximum Indemnity Period and know how the indemnity period is established in a claim
• Identify the main features of a risk that will influence an underwriter in their assessment of acceptability and rating and outline how these might vary for different types of businesses
• Explain how a simple claim is settled

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

DATE:

1ST BATCH:              21st - 24th January, 2020

2ND BATCH:             12th – 15th May, 2020

3RD BATCH:             1st– 4th September, 2020