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Introduction to Business Interruption Insurance

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

Introduction to Business Interruption Insurance

Business Interruption Insurance – Introduction

This participative workshop provides an introduction to the principles and practices of business interruption insurance. It explores the aspects which need to be understood by those involved in providing basic technical or administrative services.

The workshop is ideal for those with less than 12 months experience of business interruption insurance providing they have a basic grasp of commercial insurance principles and practices.

Outcome / Qualification etc.

participants will leave this course prepared to:

  • Recognise some of the problems in handling this class of business and understand how the cover works alongside the material damage cover
  • Explain the difference between a standing charge and an uninsured working expense and identify which figures from a set of accounts need to be included in the cover
  • Outline the factors that will affect the setting of a correctly forecasted estimate or sum insured for gross profit, revenue and fees cover
  • Describe the features of a business that will affect the setting of an appropriate Maximum Indemnity Period and know how the indemnity period is established in a claim
  • Identify the main features of a risk that will influence an underwriter in their assessment of acceptability and rating and outline how these might vary for different types of businesses
  • Explain how a simple claim is settled

Expenses

London price is 205 GBP.

Regional price is 160 GBP.

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

Riverbridge House
Guildford Road
KT22 9AD Surrey

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www.searchlightsolutions.co.uk


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