Business Interruption Insurance - all you need to know, explained in plain English

Anyone involved in or with an interest in General Insurance, whether working for an Insurer or Broker in Claims, Underwriting or with Loss Adjusters and other service providers.

Following the Arbory case, brokers are highly vulnerable to professional Indemnity claims due to inappropriate advice around BI insurance. One of the problems is that an accountants Gross Profit is different from insurance Gross Profit and policies could easily be set up incorrectly unless this distinction is understood. This webinar will help you get this right.

Presented by Alan Chandler, one of the UK's most popular insurance presenters, Alan will take this opportunity to run through how business interruption insurance should be correctly set up. Alan will lift the myths away from Bi and show how, in his easy to understand style, you can get this cover on a correct footing going forward.

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

• Be able to explain to your clients the difference between accounting gross profit and insurance gross profit.
• How to guide your clients correctly so that they set an appropriate indemnity period.
• How to project a correct sum insured through an indemnity period.
• How to best set up BI cover for service firms with no stock.
• Be able to guide your clients on setting an appropriate sum insured for increased cost of working only cover.
• Be able to explain the difference between increased cost of working and additional increased cost of working.

Alan has undertaken operational management roles in three major global companies - NatWest Insurance Services, RBS Insurance Group and Allianz Insurance. He has run underwriting, broking and claims functions. Eleven years ago he set up his own training company, something that he had always longed to do as he is passionate about training. Since then he has trained well over a thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom. He has also trained many national prize winners. Alan has delivered training for almost all of the Local Insurance Institutes in the UK over the past few years with his enthusiastic presenting style proving very popular. He is one of the few individuals who can teach at all levels of the CII examinations. He teaches almost all certificate, diploma and advanced diploma subjects and is one of the few people who can take someone from certificate all the way through to fully qualified ACII and his pass rates exceed 96%. Alan has presented across Europe on many technical subjects to companies including Allianz, Zurich, Aon, Marsh and Willis. He has been involved in the setting up of many diploma and advanced diploma programmes in both the UK and Ireland and is driven by a passion to see increased professionalism within the insurance industry.

To Take Part and obtain a copy of the link contact David Codling at david.codling@uk-claims-consulting.co.uk or 07772 483302.

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