Business Interruption - The Correct Indemnity Period

Business Interruption - The Correct Indemnity Period

By Phil Peers FCII

Phil Peers FCII has worked in the insurance industry for over 35 years holding senior management positions in a variety of different roles. From a very early age he inspired those around him to achieve their fullest potential in both workplace and through professional qualifications.

Phil set up Insurance Training Partnership (ITP) in 2001 and his company work with brokers and insurers across the UK and Republic of Ireland, delivering general insurance and qualifications training programmes.

Today ITP works with over 1000 people each year with success rates of 99% in all levels of qualification.

Monday 22nd February: 11.00am - 12.00pm - Session two

Overview

Ensuring a client has the most suitable business interruption (BI) cover is one of the trickiest requirements for a broker. Any problems with such cover will become abundantly clear at the claims stage.

In his second webinar, Phil will look specifically at the imperative of a correctly calculated indemnity period. Additionally, the role of financial accounts in such calculations will be examined.

This session is designed for anyone who is looking for an insight into Business Interruption insurance and particularly those who are working with SME insurance clients.

Additionally, those who work with mid corporate clients or those who simply wish to understand how a business should be protected, will find the webinar useful.

Learning objectives.

• To explain the factors which are likely to affect an indemnity period.

• To understand what needs to be considered for retail, warehousing, manufacturing and professional clients.

• To explore the impact of an indemnity period on a future sum insured.

• To practice trending financial data to avoid underinsurance.

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.