Business Interruption- Appropriate levels of cover
Rob Dakin - AXA Insurance
There remains concern in the market about the levels of cover provided for Business Interruption. Do we really understand the rate of gross profit? Do customers recognise the length of impact a BI incident might last and how long the indemnity period should be? The session will also cover positive active risk management in the areas of business interruption.
Learning Objectives:-
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A better understanding of rate of gross profit and how to calculate
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What may influence the need for longer indemnity periods including premises requirements, customer and supplier extensions
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A clear understanding of Business Impact Analysis (BIA) and what this really should mean
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Understand the benefits of Business Continuity Planning (BCP) and keeping things in proportion to the risk
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.