BI Indemnity Periods & Business Recovery

Lunch 12:30
Lecture 12:50 - 2pm

Overview

Fixing an adequate indemnity period can be a challenging task.

Understanding how businesses can be affected in the event of a crisis without prior experience is fraught with difficulty and can lead to a significant exposure if an inadequate period is selected.

The lecture explores the drivers behind periods of interruption and business recovery using real life examples across the three key sectors of manufacturing, services and retail/leisure.

The aim is to arm those with responsibility for setting, reviewing or sanctioning indemnity periods with the knowledge and confidence to ensure adequate protection.

The lecture includes an interactive discussion to reinforce the understanding of the themes.

Learning Objectives

At the end of this event, delegates will be able to:

• identify key drivers behind how long it will really take a business to recover from a crisis
• dispel some of the myths behind setting indemnity periods - total loss is not the worst case scenario
• appreciate the different requirements between sectors and businesses.

Who should attend the event?

This lecture is suitable for underwriters, claims handlers and brokers working in general insurance with a property element to their role.

Speaker Biography

Mike Bond is a highly skilled adjuster who specialises in business interruption, catastrophe and environmental responses, and major and complex global losses.

Buffet lunch and hot drinks will be provided - please let us know at time of booking if lunch is not required.

If you have any specific requirements in relation to attendance at this event, please let us know via the comments box when booking.

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