Business Interruption – Insurance of Wages

2024-135
CPD Hours: 1.00
Duration: 1 hr
Quiz CPD Hours: 0.50
$89.00 +GST Non Member
$74.00 +GST Member
Optional Quiz
Registration Closed

Event Detail

Different ways to insure wages (including Dual Wages) – and what is best for your clients?

If wages are to be fully insured as part of Gross Profit, then nothing further is required. Wages will be treated like any other expense and if there is a reduction after a loss, this will be deducted as a “Saving”.
For businesses that consider that it is inevitable that its wages would reduce, under various loss scenarios, current BI policies offer a number of alternative methods of insuring wages, separate from the Gross Profit item.

We will discuss:

  • The reasons why insuring wages separately should be considered?
  • The alternative options available (including Dual Wages, “x” weeks Wages).
  • How each alternative works in a claim scenario.
  • Client information that is required to assist in considering these alternatives.
  • Benefits and disadvantages with insuring Wages separately 
 

PDP Topics this Event Relates To:

Commercial

Business Interruption

All Coming Instances

10:30AM - 11:30AM, Wed, 13 Nov 2024
Registrations Close: 12 November 2024
Class Limit: 200
Presenter: Mark Anderson
Online: Webinar links will be sent to everyone registered the day prior.
Registration Closed

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  • Consent to the disclosure of their personal information provided to IBANZ in this booking to:
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    • all viewers of the recorded webinar on IBANZ's website, and
    • the presenters of the webinar.
  • Agree to our Privacy Statement found here.
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Terms and Conditions

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.

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

Full terms and conditions are available here
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