Business Interruption – Common problems, pre-loss & post loss – & how to minimise or eliminate these

CPD Points: 1.00
Duration: 1 hr
$89.00 +GST Retail
$74.00 +GST Learning Partner
Registration Closed

Event Detail

It is often only when a loss occurs that a broker finds out how good their clients BI policy is. It is too late after a loss to retrospectively change the cover. You may not have seen your client’s financial accounts, so are you satisfied that your client’s BI Policy has:

  • The appropriate items of cover.
  • Adequate sums insured?
  • How has the Gross Profit been calculated?
  • Adequate indemnity period?

We will discuss problem areas that commonly occur when setting up a BI policy with a view to assisting brokers to minimise them, and also issues with claims that frequently arise - and how to keep on top of these.

As an example, does your client sub-let part of its premises and receive rental income? Is this rental income insured under their BI Policy?

Content of this workshop covering pre-loss and post loss problem areas will include:

  • Do you know your clients business?
  • Information to obtain from your client.
  • Inability to obtain a set of financial accounts – what to do?
  • Items of cover, including Gross Profit, Gross Revenue, Additional Increase in Cost of Working, Gross Rentals, Claim Preparation
  • Is it BI policy requirement to provide a worksheet showing how the Gross Profit sum insured was calculated?
  • Discussion on actual claims issues – and what we can learn from them
  • Industry specific issues
  • Claims - overlap of wages with the MD claim
  • Claims - Turnover trends
  • Claims - Loss mitigation


All Coming Instances

09:30a.m. - 10:30a.m., Thu, 12 Nov 2015
Registrations Close: 11 November 2015
Class Limit: 40
Presenter: Mark Anderson
Registration Closed
10:00a.m. - 11:00a.m., Tue, 11 Apr 2017
Registrations Close: 10 April 2017
Class Limit: 50
Presenter: Mark Anderson

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

Registration Closed
10:30a.m. - 11:30a.m., Tue, 24 Jul 2018
Registrations Close: 23 July 2018
Class Limit: 10
Presenter: Mark Anderson

For those using webinar the webinar 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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