Date: Monday, November 15, 2021
Time: 12:00 PM to 2:00 PM

Program Description:

Provider:
The Graham Company

Date/Time:
Monday, October 4, 2021 – 12-2pm

Course Title:
Preparing the Business Interruption Worksheet

Program Description:
Calculating business interruption insurance coverage needs for clients is extremely challenging. The typical worksheets provided by insurance companies are difficult to decipher and complete. As a result, many agents and brokers don’t even bother pursuing this coverage.

Yet business interruption (BI) insurance, and its companion-contingent business interruption (CBI) coverage are vital for a company that suffers a loss that disrupts or stops its operations. Over 50% of property claims involve a business interruption loss. These losses are especially problematic for small to mid-sized companies, who typically don’t have the financial resources that would enable them to endure a loss of revenue and income for more than a few weeks.

In order to complete a BI/CBI application, an agent or broker needs to have a thorough understanding of the business of the insured, with a focus on drivers of revenue and profitability. Ultimately, a BI policy will replace lost income for the period of restoration—that time period the business needs to restore its operations following a loss.

This course reviews and analyzes the BI/CBI worksheet, explains how to complete it to ensure that a company is effectively covered. Further, the course explains how to prepare a BI/CBI claim once a loss has occurred.

Speaker:
Bart Shachnow CFP®, CLU, ChFC, CPCU
Sales Performance Director
Director, Zurich Insurance Academy/ZIA Adjunct Faculty   Zurich North America 

CE Credits:
Zurich Filing:      2 PA / NJ / DC CE Credits PENDING
Graham Filing:   2 PA/NJ CLE Credits

Please contact Mary Jane Colantuono at mcolant@grahamco.com if you are interested in attending this CE Course.  Space will be limited.