Business Interruption Insurance workshop

EVENT NOW SOLD OUT

Business Interruption Insurance (Intermediate)

Presented by Rod Smith FCII FCILA,

CII-accredited Advanced Technical Trainer

Venue: Greenhous Meadow
Oteley Rd, Shrewsbury, Shropshire SY2 6ST

Date: Thursday 21st January 2016
Time: 9.15 am - 4.30pm

Business interruption insurance is often seen as one of the most complex and misunderstood areas of the industry. However, with claims and litigation increasing apace, this is a topic that insurance professionals need to grasp firmly, in order to deal with both placing cover correctly and assisting with claims - and thereby reduce professional indemnity exposures.

Learning Objectives:
This intermediate level workshop will provide delegates with a sound understanding of business interruption insurance including:

Protecting the future earnings of the business
Contract of Indemnity and Policy formula
Key policy Conditions
Material damage proviso
Gross Profit and wages
Rate of Gross Profit
Profit & Loss accounts & balance sheets
Turnover, Revenue, Fees
A group exercise on drafting a Sum Insured
Standard Turnover
Special Circumstances
Increased Costs of Working
A group exercise after a restaurant fire
Savings in insured expenses
Types of classic Underinsurance
Policy extensions
Ways of insuring Rent
Advance Profits – spotting the needs
Some lessons from the Courts
The workshop will be interactive and engaging, with plenty of opportunities for questions and case study based examples. Please note that delegates may be asked to undertake a small amount of pre-workshop preparation in order to benefit fully from the session.

Booking:
Email: smwcii@hotmail.com

Lunch:
Great Buffet Lunch Provided - 'Subsidised by your Institute'

Cost:
£20 - For Members
£30 - for Non - Members