By: Mark Anderson, Commercial Loss Adjusters

Duration: 1:00:13

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

This is Part 1 of a 2 Part presentation for thcose new to commercial broking and who have had little to no exposure to business interruption insurance.

It is the intention that attendees book and register for both parts.  You can purchase just one but please realise this may be a little disjointed.  Part 2 is set down for 25 February and will be advertised shortly.

In order to understand the fundamentals of business interruption we will first look at the financial accounts of a SME (Small and Medium-sized Enterprise).

In Part 1 we will:

• Review basic accounting principles relevant to a Statement of Financial Performance (Trading and Profit and Loss accounts).
• The Case Study will be based on a SME manufacturing business.
• Become familiar with terminology used and how to “read” a set of accounts.
• Discuss the fundamentals of business interruption insurance.
• Discuss the different terminologies used for both financial accounts and business interruption insurance.
• Look at what is contained in a business interruption policy wording.
• Look at the information listed on a Business Interruption Policy Schedule.