Business Interruption Insurance workshop
EVENT NOW SOLD OUT
Business Interruption Insurance (Intermediate)
Presented by Rod Smith FCII FCILA,
CII-accredited Advanced Technical Trainer
Venue: Greenhous Meadow
Oteley Rd, Shrewsbury, Shropshire SY2 6ST
Date: Thursday 21st January 2016
Time: 9.15 am - 4.30pm
Business interruption insurance is often seen as one of the most complex and misunderstood areas of the industry. However, with claims and litigation increasing apace, this is a topic that insurance professionals need to grasp firmly, in order to deal with both placing cover correctly and assisting with claims - and thereby reduce professional indemnity exposures.
This intermediate level workshop will provide delegates with a sound understanding of business interruption insurance including:
Protecting the future earnings of the business
Contract of Indemnity and Policy formula
Key policy Conditions
Material damage proviso
Gross Profit and wages
Rate of Gross Profit
Profit & Loss accounts & balance sheets
Turnover, Revenue, Fees
A group exercise on drafting a Sum Insured
Increased Costs of Working
A group exercise after a restaurant fire
Savings in insured expenses
Types of classic Underinsurance
Ways of insuring Rent
Advance Profits – spotting the needs
Some lessons from the Courts
The workshop will be interactive and engaging, with plenty of opportunities for questions and case study based examples. Please note that delegates may be asked to undertake a small amount of pre-workshop preparation in order to benefit fully from the session.
Great Buffet Lunch Provided - 'Subsidised by your Institute'
£20 - For Members
£30 - for Non - Members
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
7 hours' 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.