Training Courses

Module 2:

Business Interruption Basic Concepts and Terminology

Course Outline

Course Outline

Having established a valid claim, this module is ideal for those that want to learn basic terminology and the framework used in determining a Business Interruption loss.

Clawback

"Clawback"

The Indemnity Period is not the period during which a business suffers a loss, but rather the period during which the business is affected, including any period where initial losses are subject to "clawback".

Calculating Under-Insurance

Calculating Under-Insurance

The Declared Value or Sum Insured should reflect the Maximum Indemnity Period that is selected.