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Following is a list of all workshops that Professional IQ College can currently offer. Whilst not all are offered in the 'Upcoming' list, we can schedule a workshop if your organisation has sufficient numbers of people interested.Contact us to discuss a tailored workshop programme. CPD Points apply to these workshops.


Business Interruption – Claim example – and how well would your client’s cover have performed?

2016-034
CPD Points: 1.00
Duration: 1 hr
$89.00 +GST Non-member
$81.00 +GST Learning Partner
$74.00 +GST IBANZ Member
Registration Closed

Event Detail

We will discuss a Business Interruption calculation of loss as a worked example.

Using this claim example we will focus on:

  • How each part of the claim is calculated.
  • Look at the specific part of the Policy wording that relates to each component of the claim.
  • What the loss would be under various scenarios where the Policy is inadequate and the financial implication to the insured.
  • Discuss common misunderstandings.

It is often only when a loss occurs that an insured and their broker find out how good their BI policy is. It is too late after a loss to retrospectively change the cover, so looking at a calculation of loss is a good way of demonstrating the importance of:

  • The appropriate items of cover. 
  • Adequate sums insured.
  • Appropriate Gross Profit and Uninsured Working Expenses.
  • Adequate indemnity period? 

Content of this workshop will include:

  • “adjustments” clause.
  • Variations with Policy definitions of Uninsured Working Expenses, and the financial impact this can have on a claim.
  • The most common BI losses that are excluded from claims, but could have been included in the claim if the client’s cover had been better constructed.
  • Importance of progress payments.
  • Discussion on actual claims issues – and what we can learn from them.

 


All Coming Instances

09:30a.m. - 10:30a.m., Wed, 13 Apr 2016
Registrations Close: 12 April 2016
Class Limit: 18
Presenter: Mark Anderson
Venue:
Online:
Registration Closed
10:30a.m. - 11:30a.m., Tue, 29 Aug 2017
Registrations Close: 28 August 2017
Class Limit: 50
Presenter: Mark Anderson
Venue:
Online:

For those registered for the webinar option the link will be sent the day prior.

Registration Closed
 

Terms and Conditions

Discounts are available for group bookings.  Please enquire.

The running of this workshop is subject to minimum attendees.

No refund will be given if you choose not to attend within 7 days of the event.

Full terms and conditions are available here
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