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

Thursday, 20 August 2020
4:00 pm – 5:00 pm
    • Alan Chandler, CEO, Alan Chandler Training

Overview:

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 be applicable for brokers, underwriters, claims staff and loss adjusters.

Learning Objectives:

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.

To Take Part and obtain a copy of the link contact Richard Yale at richard.yale@towergate.co.uk

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.