BI Insurance - Further Consideration Webinar

The Cumbria Institute of Insurance and Financial Planning invites you to join our Webinar on the topic of BI Insurance - Further Considerations hosted by David Hole ACII from 1pm - 2pm. We would love for you to join us as we continually strive to offer learning and growth opportunities for our members.

Learning and content:

• Why ICOW or AICOW is suitable for many risks

• When ALOP cover should be recommended

• What are the potential drawbacks of limiting cover to ICOW 

• Consideration of some of the more flexible or innovative approaches insurers use to provide cover

• The impact of supply chain disruption upon cover and claims and how businesses cope  

• Detailed consideration of extensions (non-damage) to cover including customers, public authorities’ closure, act of competent authority, as modified by the FCA pandemic related case.

Learning Objectives:

• Be aware of the benefits and drawbacks of limiting cover to ‘increased costs of working’ and ‘additional 
increased costs of working’ cover  

• Understand where advanced loss of profits and flexible first loss cover may be suitable 

• Have detailed knowledge of some of the more commonly encountered non-damage extensions to cover 

• Fully understand the implications of the FCA case brought against insurers following the pandemicrelated business interruption case