Business Interruption

Business Interruption policies can cater for numerous situations affecting a business’s ability to trade, beyond straightforward damage to property.

This session takes an in-depth look at some of the common extensions which are frequently included in policy wordings, including the ways in which they operate.

Content and Learning

• The Material Damage Proviso relevance to BI extensions
• Failure of Utilities
• Lottery Winners
• Suppliers & Customers
• Prevention of Access
• Loss of Attraction
• Murder, Suicide & Specified Human Diseases
• Book Debts v Bad Debts

Objectives

• Understand the relevance of the Material Damage Proviso
• Understand the concept of a range of BI extensions
• Explain their operation to a client
• Understand the difference between Book Debts and Bad Debts

Chris Abram ACII, F Inst. SMM – technical insurance trainer

Chris is an insurance and financial services professional with over 40 years’ experience in the industry, covering training, sales & underwriting.

For the last 15 years he has been a full-time training consultant, working with groups and individuals to develop their technical, compliance and sales skills. This includes preparation for the various levels of CII qualifications.

His experience includes time as a technical consultant on a local, Government-sponsored, insurance apprenticeship scheme; and in the implementation of a compliance-training project with a major UK bank.

Chris is an Associate of the Chartered Insurance Institute [ACII], and a Fellow of the Institute of Sales & Marketing Management (F Inst. SMM) 


He is capable of a broad spectrum of high-quality training, but has particular specialism in Property, Business Interruption, Liability, and Packages.