Business Interruption Insurance

Business interruption insurance, also called “business income” insurance, is one of the most important and yet most widely misunderstood of all insurance coverages. Fact: We don’t need an extensive financial background or training to effectively explain how business interruption insurance works. Nothing could be further from the truth. After completing this course, you will know a lot about business interruption insurance and, specifically, the Profits Endorsement Form. From there, it is just a matter of communicating that information in a way that your prospects will understand.

This course is broken down into three components:

Component A – Component A – Introduction to Business Interruption Insurance

  • The Importance of Separate Business Interruption Insurance
  • Two Types of Business Interruption Endorsements
  • The Role of The Broker in The Sales Process.

Component B – Profits Endorsement Form: A Coverage Analysis

  • Indemnity Agreement
  • Section 6. Provisions (a)-(g)
  • Section 7. Premium Adjustment
  • Extensions of Coverage
  • Other Common Clauses

Component C – Profits Endorsement Form: A Coverage Analysis Continued

  • Indemnity Period – Duration of Coverage
  • Measure of Recovery
  • Payroll Option
  • Insured Standing Charges
  • Definitions
Become an ILScorp group member to save even more.
Included as part of the ILScorp Adjuster CE Subscription.

 

Included as part of the ILScorp General CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 3
Credit Type: General/Adjuster - Technical and RIBO-Technical
Credit #: AIC #48006, MB#30091
Accrediting Provinces: BC, AB, SK, MB, ON
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