Business Interruption – one day course

Loading Map....

Date/Time
Date(s) - 08/06/2018
9:00 am - 4:00 pm

Location
2nd Floor, Barlow House,

Descriptions

Training week

 

 

 

 

 

Why this course?

It is important that broking staff that advise on or sell Commercial Insurance can demonstrate knowledge and understanding of the products they sell. This is highlighted in the Insurance Distribution Directive which comes into force in October 2018. This says that staff must demonstrate knowledge of the terms and conditions of policies offered as part of the minimum 15 hours CPD requirement. This course will help in this area and will complement your internal product knowledge training.

Objectives

At the end of this one day course delegates will have a good knowledge and understanding of Business Interruption Insurance, the policy and extensions, how underwriters arrive at the premiums and the claims process.

Topics covered during the day

  • What costs and income are covered
  • How to calculate a gross profit sum insured
  • How to advise on setting the correct indemnity period
  • Understand increased cost of working and additional increased cost of working
  • For service sector clients hot to advise them on Gross fees verses increased cost of working
  • Cover only and how to go about setting a correct sum insured for ICW only
  • Understand the difference between declaration linked and indemnity wordings in BI
  • Understanding the main BI extensions
  • Looking at how BI claims work

Who should attend

  • Sales staff/account executives and handlers
  • Those who have not had any formal training in this area and are part of the distribution chain
  • It is ideal to integrate as part of your induction training programme or as refresher training
  • Those who want to be more confident in dealing with BI

The Cost

£199 plus vat (lunch and refreshments will be provided, please let us know in advance if you have any dietary requirements)

To Book: Please contact deborah@createsolutions.co.uk or call 0161 870 6637

 

 

 

 

Bookmark the permalink.