Business interruption insurance all you need to know explained in plain English in three hours

Please note that spaces are limited to 20 persons for this training webinar. It will be delivered in a 'classroom' style and we encourage delegates to have their cameras switched on to enable a more interactive session.

Business Interruption insurance is one of the most misunderstood covers in the marketplace and this three-hour webinar (with a break) looks at how these misunderstandings can be overcome.

The webinar will deal with all the main aspects of Bi insurance including setting correct sums insured, what policyholders need to consider in respect of setting an indemnity period, the difference between indemnity and declaration linked cover, increased cost of working and understanding all the main Bi extensions.

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

Delegates will be able to:

• 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.
• Explain the difference between declaration linked and indemnity Bi cover.
• 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.
• Explain all the main Bi extensions.

About The Speaker

Alan 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's webinars have been viewed across Europe, Asia, Africa, Australia, North America and South America and his audience numbers last year were well over 100,000. He has devised and delivered training programmes for major insurers and brokers including Zurich, Allianz, Aviva, Hiscox, Lloyd’s, NIG, NFU, Gallagher, Aon, Towergate, GRP, Aston Lark/Howdens, James Hallam and Marsh as well as for the Chartered Insurance Institute.

Alan has undertaken operational management roles in three major global companies running underwriting and broking functions. In order to fulfil a long-term ambition, he set up his own insurance training company, something that he had always longed to do as he is passionate about training. A number of Alan’s pieces of work have been published internationally and he is regularly called upon to provide expert legal guidance on insurance matters.