Business Interruption Training Course (Intermediate) by Rod Smith

THIS EVENT IS FULLY BOOKED

Business interruption insurance is often seen as one of the most complex and misunderstood areas of the industry. However, whit the number of claims increasing year on year, this is a topic that insurance professionals need to have a firm grasp of in order to ensure that they can deal with this type of incident.

Learning objectives
By the end of the session, you will have a better knowledge of:

• 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
• standard turnover
• special circumstances
• increased costs of working
• a group exercise after a restaurant fire
• savings in insured expense
• types of classic underinsurance
• policy extensions
• ways of insuring rent
• advance profits – spotting the needs.

Speaker profile
Rod Smith FCII FCILA, is a CII accredited Advanced Technical Trainer and runs regular training sessions for the CII’s Face 2 Face learning centre. Rod is a Director at Claims Consultancy Ltd, having formed the business in 2001. Prior to this role, he worked for Property and Casualty Services and played a fundamental role in setting up the company’s European operation.

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