It is often only when a loss occurs that a broker finds out how good their clients BI policy is. It is too late after a loss to retrospectively change the cover. You may not have seen your client’s financial accounts, so are you satisfied that your client’s BI Policy has:

• The appropriate items of cover.
• Adequate sums insured?
• How has the Gross Profit been calculated?
• Adequate indemnity period?

We will discuss:

• Aspects that are sometimes overlooked when setting up a BI policy with a view to assisting brokers to minimise them.
• Issues with claims that frequently arise - and how to keep on top of these.

Content of this workshop covering pre-loss and post loss problem areas will include:

• Do you know your client’s business?
• Information to obtain from your client.
• Inability to obtain a set of financial accounts – are there other options to get relevant figures?
• Appropriate items of cover, including Gross Profit, Gross Revenue, Additional Increase in Cost of Working, Gross Rentals, Claim Preparation.
• Is it a BI policy requirement to provide a worksheet showing how the Gross Profit sum insured was calculated?
• The importance of knowing the policies definition of Uninsured Working expenses.
• Discussion on actual claims issues – and what we can learn from them
• Claims - overlap of wages with the MD claim
• Claims – Turnover trends
• Claims – Loss mitigation

Discounts are available for group bookings.  Please enquire. 

The running of this webinar is subject to minimum attendees. 

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

If you cannot make the session please advise so we can make the recording available on your dashboard.