Webinar Event - How to advise correctly on Business interruption extensions and advanced loss of profit

The Insurance Institute of Cardiff invite you to a webinar on - How to advise correctly on Business interruption extensions and advanced loss of profit

Event Details:

Wednesday 4^th November 2020 - 09:30 - 10:30am

The webinar will be run via Zoom, a global web-conferencing solution. Zoom is easy to use, a link and joining instructions will be sent to you prior to the webinar.

About the session:

One of the many things the Covid1-9 pandemic has taught the insurance industry is the importance of going through the various Bi extensions with clients and documenting these discussions. Failure to do this could leave the broker wide open to a pi claim against them.

This presentation looks specifically at Bi extensions, the purpose of each one of them and how in each case an incident could give rise to a claim. Many in the industry have an incorrect view of extensions, for example many discuss utilities extension cover with clients when they really mean terminal ends, so give a wrong impression of the coverage their policy is actually providing.

This presentation will show you how to help your clients set a correct gross profit sum insured.

The Course will be run by Alan Chandler.

Alan has been an operations and project manager in three large global companies. NatWest insurance services, Royal Bank of Scotland insurance group and Allianz. In the last ten years running his own training company he has taken more than 1.000 people to Acii including six people who have achieved the top ACII pass rate in the whole of the UK. He has trained national prize winners in almost all CII subjects, has been a CII examiner and has a pass rate of 96% in cii training. His website is www.alanchandler.co.uk

Learning Objectives

• Customer and suppliers Bi extensions and why insurers should try and do more on the overseas extension side
• Denial of access extensions
• Disease, food poisoning, murder etc extension
• Loss of attraction extension and how this differs from denial of access
• Utilities and terminal ends and how these differ
• Advanced loss of profits and why this is so under sold
• Many other of the Bi extensions offered in the market place and when they are appropriate for a risk

Further information

A link will be sent via your email address supplied at the time of the booking. PLEASE DO NOT share this with anyone else.

Please note that this webinar will be hosted on the Zoom platform which may be restricted by some employers. Members may need to utilise their own personal devices in these circumstances to access the platform.