Business Interruption
Business Interruption
Overview
For many businesses, when loss occurs, it’s not just the devastation of the loss of property facilities that they trade from, but the wider impact of having to temporarily close to allow the insurers to reinstate the property; it’s the loss of business and income. In this course, you will explore what business interruption is and the connection with property insurance.
We will discover how business interruption can be set up, how cover is set and the typical policy extensions and exclusions that you can expect to find within a policy wording. Finally, we will explore how a policy will respond to such losses.
Learning Objectives
- Explain the benefits of business interruption
- Identify how cover is provided to match the insured’s business activities
- Understand important factors on setting the sums insured and indemnity period
- Identify how and why claims are made
Venue
Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Luton and Hertfordshire, which is acting as the host institute for this event.