By: Mark Anderson, Commercial Loss Adjusters

Duration: 1:02:21

This webinar also offers an optional quiz that will award an additional 0.5 of CPD.

This session will cover the importance of Gross Profit when putting a business interruption programme together.

We will:

• Review a SME (Small and Medium -sized Enterprise) set of Financial             
        Accounts.

• Discuss key wordings/ definitions from the BI Policy wording relevant to 
        the Gross Profit.

• Discuss areas that require judgment.

• Understand why the accounting Gross Profit is not always the Gross Profit 
        that should be insured. 

• Review different policy definitions of Uninsured Working Expenses and 
        discuss the impact of incorrect selections of them.

• Calculate an appropriate Gross Profit sum insured for the SME.