Business interruption can be a complex and challenging class of insurance.This session takes an interesting look at the importance of setting sums insured & indemnity periods correctly as well as how the underwriter may view a complex risk.We will look into the settlement of claims and how recent legal precedent has impacted this insurance. This course is most suited to those who have experience in the insurance industry and already have a familiarity with BI insurance.
-Have an in-depth understanding of the business interruption market Discuss risk management factors for a variety of businesses to help reduce the impact of a business interruption loss-Understand how to correctly provide an adequate insurance solution.-Understand the impact that the FCA Test case has had on today’s market-Explain common policy exclusions and extension