We will discuss a Business Interruption calculation of loss as a worked example.

Using this claim example we will focus on:

• How each part of the claim is calculated.

• Look at the specific part of the Policy wording that relates to each component of the claim.

• What the loss would be under various scenarios where the Policy is inadequate and the financial implication to the insured.

• Discuss common misunderstandings.

It is often only when a loss occurs that an insured and their broker find out how good their BI policy is. It is too late after a loss to retrospectively change the cover, so looking at a calculation of loss is a good way of demonstrating the importance of:

• The appropriate items of cover. 

• Adequate sums insured.

• Appropriate Gross Profit and Uninsured Working Expenses.

• Adequate indemnity period? 

Content of this workshop will include:

• “adjustments” clause.

• Variations with Policy definitions of Uninsured Working Expenses, and the financial impact this can have on a claim.

• The most common BI losses that are excluded from claims, but could have been included in the claim if the client’s cover had been better constructed.

• Importance of progress payments.

• Discussion on actual claims issues – and what we can learn from them.

Discounts are available for group bookings.  Please enquire. 

The running of this workshop is subject to minimum attendees. 

No refund will be given if you do not notify us prior to the start of the event.