Targeted towards both agents/brokers as well as carrier underwriters, this exciting seminar will focus on breaking down this often overlooked and misunderstood topic into the simplest of terms, so that you will no longer feel intimidated by the exposures and the coverage itself. As a result of participating in this technical seminar, you will be able to:
- Answer questions about how to measure the exposure and arrive at an appropriate limit of insurance
- Make intelligent choices among the many coinsurance options available
- Explain the important difference between the two Business Income and Extra Expense Coverage Forms
- Understand the importance and shortcomings of the Business Income Worksheet
- Explain and recommend the advantages and disadvantages of the available alternatives to coinsurance
- Estimate the maximum potential loss exposure for Business Income
- Complete the analysis necessary to determine continuing normal operating expenses vs. non-continuing normal operating expenses
- Differentiate between normal operating expenses and extra expenses
- Understand Dependent Properties Business Income loss exposures
All of this and more will be covered in a very simplistic manner, allowing participants to regain their confidence in this important loss exposure by making appropriate coverage recommendations based on simple analysis, rather than just “copying over the coverage, limit of insurance, and coinsurance percentage from last year’s application.”
Cost:
Paid Chapter Members – Free
Non-members – $25
