Claims Club: Advanced Business Interruption

The Insurance Institute of Perth and Dundee Claims Club and The Chartered Institute of Loss Adjusters is delighted to be hosting a technical insurance event on Advanced Business Interruption.

This is a 3.5hrs event providing 3.5hrs of CPD.

This seminar will cover key parts of the Business Interruption Operative clause, the meaning and scope of damage and the operation of the Material Damage Proviso. Damian will provide delegates with examples of consequential losses that are not covered and describe key aspects of the Maximum Indemnity Period (and why 12 months is insufficient).

Delegates will learn about the calculation of gross profit for insurance policies and the key pitfalls, operation of ICW cover and common misunderstandings. Common business interruption extensions will also be discussed.

Our speaker, Damian Glynn BA (Hons) FCA FCILA FUEDI ELAE FIFAA is a Director and Head of Financial Risks with Sedgwick International UK, a global loss adjusting company. Damian also chairs the Chartered Institute of Loss Adjusters (CILA) Business Interruption Group, and has previously set BI examinations for the CILA.

Damian regularly runs financial loss seminars throughout the UK and is a published author on the subject of Business Interruption, including co-chairing a widely read report on BI wordings issued by CILA and the IIL/CII (Chartered Insurance Institute).

This talk will benefit Brokers, Insurers and Loss Adjusters.

Learning objectives:
By attending this event delegates will be able to identify:

• An understanding of business interruption policy wordings
• How to confidently discuss and arrange business interruption cover with policyholders.
• Key aspects of the maximum indemnity period

We hope to conclude by 13.00hrs

There will be a short coffee break mid morning.