Course

Introduction to Business Interruption Claims

Business interruption insurance is one of the most complex areas of insurance claims. This course takes you through the entire claims lifecycle, from the moment a loss event occurs through to final settlement.

You will develop a thorough understanding of the standard business interruption policy wording, learn how to identify the indemnity period, and master the techniques used to calculate the financial loss suffered by a policyholder.

Course Content

What is Business Interruption Insurance?
3 Topics
The Purpose of BI Cover
Key Policy Trigger Requirements
Types of BI Loss Covered
Policy Wording Deep Dive
3 Topics
Standard Policy Definitions
Common Exclusions Explained
Policy Conditions and Warranties
Calculating the Gross Profit Loss
3 Topics
The Difference Basis Formula
Applying the Trends Clause
Worked Claim Calculation Examples