Summary
This course introduces the delegate to Business Interruption Insurance and how it works.
Business interruption insurance is often sold as part of a package or commercial combined insurance policy. We will look at its relationship with other elements of the policy, the extent of cover and the extensions to cover as well as discovering just how important it is to protect the future of businesses affected by an insured loss.
We will discuss the hot topics surrounding this cover and how they can affect the customer.
This is an ideal course for those starting out in the insurance industry as well as a refresher for those who would like to reinforce their knowledge. It is also a useful course for those transferring from personal lines to commercial general insurance.
What we will cover
- What is business interruption insurance?
- The material damage proviso
- Cover provided
- Setting the Indemnity period
- Claims triggers
- Extensions to cover
By the end of this course you will:
Have an understanding of what Business interruption insurance is and how it works
Demonstrate an understanding of the extent of cover & setting both SI & indemnity period
Feel more confident in offering this cover to customers
