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Spotlight on BI and the Small Print (Webinar recording)

In this webinar three Business Interruption (BI) adjusters discuss the small print of policy wordings in relation to underinsurance, gross profit versus gross earnings and master and local policies.

The presenters start with underinsurance, why it is so common in BI, the benefits of pre loss engagement with policyholders and how proportionate reduction is calculated. Consideration is then given to gross profit versus gross earnings, comparing the differences in indemnity period, sales shortfall, extra expense/ICW and stock. The webinar concludes with a discussion about local and master policies, reporting across jurisdictions and differences in policy conditions and limits.


File Type: pdf
Author: Aruna Chandrapalan, Mark Harris, Melissa Cunningham