[Education - CPD] Declarations, Partial Losses, and When to Deploy It

Day One Basis of Cover: Declarations, Partial Losses, and When to Deploy It

A 60-minute technical webinar for insurance brokers on the Day One (uplift) basis of Business Interruption cover — a tool built for growing businesses, but one that only works if it's set up and explained correctly. The session covers what has to be declared, how the uplift percentage is calculated, and exactly how it changes the outcome of a partial loss claim, using a fully worked numerical example. It also gives brokers a clear, balanced framework for judging when Day One is the right recommendation — and when it isn't.

Key Takeaways

• What Day One (uplift) cover is, and the growth-related underinsurance problem it's designed to solve
• Exactly what must be declared, when, and why the accuracy of that single figure is everything
• How the uplift percentage is calculated, and how it sets the sum insured for the period
• How Day One removes average on partial losses — worked through with real numbers — and the limits of that protection
• The genuine pros and cons of Day One cover, weighed evenhandedly
• The circumstances where Day One should (and shouldn't) be recommended, plus the premium trade-offs and common pitfalls to avoid