Advanced Business Interruption

Speaker

Damian Glynn chairs the Chartered Institute of Loss Adjusters (CILA) Business Interruption group, and has previously set business interruption examinations for the CILA. He 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 business interruption wordings issued by CILA and the CII.

Session

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.

Learning Objectives

After attending this event, you will be able to identify:

• an understanding of business interruption policy wordings

• how to confidently discuss and arrange business interruption cover with policyholders.

Agenda

Registration & breakfast: 8:15 - 8:45

Session start time: 8:45

Session end time: 12:15 approximately

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