Online CPD - Business Interruption Insurance - Setting Correct Sums Assured
Financial awareness – a plain English overview for all insurance staff on how to understand clients’ accounts
Business Interruption insurance is one of the most misunderstood covers in the marketplace and this webinar looks at how these misunderstandings can be overcome.
The webinar will deal with how Gross Profit sums insured for policyholders with stock can be correctly calculated, as well as showing how to correctly arrange sums insured for service businesses like IFA's.
The course will be delivered by Alan Chandler, Chartered Insurer who is widely regarded as one of the leading presenters in the UK.
The training will be very suitable for brokers, underwriters and claims staff working in commercial insurance and anyone studying for the CII diploma subject M93 Commercial property and business interruption.
Learning Objectives
- Understand how to help set a correct gross profit sum insured.
- Explain the difference between accounting gross profit and insurance gross profit.
- Understand the main factors in setting an appropriate indemnity period.
- Explain how to project a correct sum insured through an indemnity period.
- Understand how to best set up Bi cover for service firms with no stock.
- Understand how to set an appropriate sum insured for increased cost of working only cover.
- Explain the difference between increased cost of working and additional increased cost of working.
Speaker
Alan Chandler is widely regarded as one of the most popular and respected insurance presenters in the world. He has taken thousands of people through to Acii qualification including many national prize winners, as well as delivering a vast array of technical presentations on Commercial and Personal lines insurances. Alan has raised the pass rates in Cii exams where he is involved from under 40% to 99% demonstrating why he is so well regarded.
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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.