Date: Monday, November 15, 2021
Time: 12:00 PM to 2:00 PM
The Graham Company
Monday, October 4, 2021 – 12-2pm
Preparing the Business Interruption Worksheet
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.
Bart Shachnow CFP®, CLU, ChFC, CPCU
Sales Performance Director
Director, Zurich Insurance Academy/ZIA Adjunct Faculty Zurich North America
Zurich Filing: 2 PA / NJ / DC CE Credits PENDING
Graham Filing: 2 PA/NJ CLE Credits
Please contact Mary Jane Colantuono at firstname.lastname@example.org if you are interested in attending this CE Course. Space will be limited.