Does my BI policy cover Covid-19?

We welcome all members & guests to attend an afternoon webinar which will be presented by Alan Chandler.

Overview

The UK government said that by declaring Covid-19 a notifiable disease it would trigger Business Interruption policies so that they will cover any losses - we will explore whether this statement is correct.

It is essential that brokers, underwriters and claims staff alike have a full understanding of what the correct commercial insurance position is on the virus that is disrupting all our lives. It is not just policyholders who are asking this question, we all know friends and family who run small businesses and they will be asking anyone who works in insurance what the position is and why. This presentation will give you the answers.

Alan will explore briefly the background of Business interruption cover in the UK and focus specifically on the BI extensions that may or may not cover Covid-19. It will be done in Alan's plain English style so that you can go away and feel confident in talking about how BI cover responds to the biggest issue of the day.

The presentation will be in a webinar format where delegates will be able to type in their questions for Alan as they go or ask questions at the end. The actual presentation will last for no more than forty minutes and for those that want to debate this issue in more depth there will be a further twenty minute Q&A. Once registered you will be sent a link, click on this and at the allotted time Alan will start speaking and you will see his slides. You can view it from anywhere so it will not matter not where you are situated.

Learning Objectives

By the end of the session, participants will be able to:

• Understand the background to disease cover under Commercial Business Interruption policies
• Understand the various BI extensions that may or may not relate to Covid-19
• Explain to policyholders whether their policy does or does not cover BI losses relating to Covid-19

About the speaker

Alan has undertaken operational management roles in three major global companies - NatWest Insurance Services, RBS Insurance Group and Allianz Insurance. He has run underwriting, broking and claims functions. Eleven years ago he set up his own training company, something that he had always longed to do as he is passionate about training. Since then he has trained well over a thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom, he has also trained many national prize winners. Alan has delivered training for almost all the institutes in the UK over the past few years with his enthusiastic presenting style proving very popular. He is one of the few individuals who can teach at all levels of the CII examinations, he teaches almost all certificate, diploma and advanced diploma subjects and is one of the few people who can take someone from certificate all the way through to fully qualified ACII and his pass rates exceed 96%. Alan has presented across Europe on many technical subjects to companies including Allianz, Zurich, Aon, Marsh and Willis. He has been involved in the setting up of many diploma and advanced diploma programmes in both the UK and Ireland and is driven by a passion to see increased professionalism within the insurance industry.

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