Business Interruption - The Fundamentals

Business Interruption - The Fundamentals

By Phil Peers FCII

Phil Peers FCII has worked in the insurance industry for over 35 years holding senior management positions in a variety of different roles. From a very early age he inspired those around him to achieve their fullest potential in both workplace and through professional qualifications.

Phil set up Insurance Training Partnership (ITP) in 2001 and his company work with brokers and insurers across the UK and Republic of Ireland, delivering general insurance and qualifications training programmes.

Today ITP works with over 1000 people each year with success rates of 99% in all levels of qualification.

Wednesday 3rd February: 11.00am - 12.00pm - Session one

Overview

Ensuring a client has the most suitable business interruption (BI) cover is one of the trickiest requirements for a broker. Any problems with such cover will become abundantly clear at the claims stage.

In the first of three webinars, Phil will guide delegates through the fundamentals of BI cover, looking at the various policy terms that are used in BI assessments and how to calculate sums insured.

This session is designed for anyone who is looking for an insight into Business Interruption insurance and particularly those who are working with SME insurance clients.

Additionally, those who work with mid corporate clients or those who simply wish to understand how a business should be protected, will find the webinar useful.

Learning objectives.

• To explain the need for business interruption cover.

• To understand the differences between fixed and variable charges.

• To explore how payroll, utility costs and marketing expenses should be treated.

• To understand how to identify the correct sum insured.

• To gain an insight into alternative BI covers.

Further information.

A link will be sent via your email address supplied at the time of the booking. PLEASE DO NOT share this with anyone else.

Please note that this webinar will be hosted on the Zoom platform which may be restricted by some employers. Members may need to utilise their own personal devices in these circumstances to access the platform.

To view our image and video capture consent statement, please click here.