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Business Interruption Insurance – Advanced

Searchlight
Course summary
1 day
235 GBP excl. VAT
London
Next available date: Enquire for more information - London
Open / Scheduled

Business Interruption Insurance – Advanced

Business Interruption Insurance – Advanced

This participative workshop provides a more detailed study of some of the more complex features of business interruption insurance. Participants will learn how to overcome the problems of handling this class of business, understand how all business Interruption covers work, explain the purpose of the Salvage Sale, Accumulated Stocks and more.

In addition, this course will go over typical customer attitudes shown to Business Interruption insurance and the role the broker plays in overcoming problems arising from these.

Outcome / Qualification etc.

The course is worth 6 CII (Chartered Insurance Institute) CPD hours.

At the end of this course participants will be able to: 

  • Thoroughly understand how to overcome the problems in handling this class of business
  • Thoroughly understand the main features of a business that will affect the setting of the Maximum Indemnity Period and recognise how to use these to determine the most appropriate for a client
  • Thoroughly understand how all Business Interruption covers work and recognise how to select the most appropriate for a client
  • Understand the difference between full value and first loss covers and explain the advantages and disadvantages of both
  • Recognise the information required to set up Advanced Business Interruption covers and understand the underwriting reasons why this is needed
  • Understand the main features of Engineering Business Interruption covers
  • Thoroughly understand how cover for damage occurring away from the client’s premises needs to be assessed and understand what information is needed to agree appropriate cover for a client
  • Understand how a Gross Profit claim is settled and the role of the loss adjuster in claims settlements
  • Explain the purpose of the Salvage Sale, Accumulated Stocks, Departmental, Alternative Trading and New Business Clauses

Expenses

London price is 235 GBP.

Regional price is 200 GBP.

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Provider: Searchlight

Searchlight - Training Courses for the Business Insurance Industry

Searchlight - Leading UK Training & Consultancy Company for Insurance and Financial Services Professionals

Searchlight is the UK's foremost provider of training for the insurance and financial services industry, covering the full range of technical, regulatory and soft skills needed by professionals operating in this dynamic business environment. Searchlight was the first organisation to receive...


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Contact information for Searchlight

Searchlight

18, The Courtyard, Common Lane, Culcheth
WA3 4HA Cheshire

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www.searchlightsolutions.co.uk


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