About this course
This interactive course provides participants with an opportunity to explore business interruption insurance in more depth than the introductory course.
What you will learn
At the end of the course you will be able to:
- Explain how to overcome the problems of handling this class of business
- State in detail how a gross profit figure is arrived at from a set of accounts
- Explain in detail the workings of the standard gross profit, revenue and fees policy covers and definitions and explain how they work in practice to enable delegates to select the most appropriate cover for their clients
- Provide a detailed explanation of the difference between declaration linked and traditional (sum insured) methods of arriving at a gross profit figure and recognise the advantages and disadvantages of both
- Explain in detail the main features of a business that will affect the setting of an appropriate maximum indemnity period
- Detail how a simple claim is settled and the role of the loss adjuster
- Recognise the main features of a risk that will influence an underwriter in their assessment of acceptability and rating
- Detail what cover is available for damage occurring away from the client's premises and identify the main extensions available.
Recent reviews
Overall the course was very useful and gave a good grounding in Business Interruption. The explanations were well thought through and the whole day had a good pace. I did raise a question regarding Increased Costs of Working Cover, which although well explained, having looked through policy wordings that I use on a regular basis, the answer did not correlate with how I understand the policies to operate. Primarily, it was explained that ICOW does not have an economic limit, however I think they do? This left me with some questions after the day.
Enjoyed the course overall and the trainer's style/how he applied his knowledge. My only issue was a small gap in my knowledge that I still am a little unsure of but on the whole this was a well put together session for such a complex subject.
bit of a maze to get to the room - at the wrong end for facilities. took a bit of finding as no reception pointing you in the right direction. no complaints with lunch provided.