IBAO Webinar: Business Interruption: The Basics and Beyond

Business Interruption insurance is a vital component of protecting any business from unexpected disruptions. In this comprehensive course, we’ll cover why Business Interruption coverage is critical, dive into key terminology, and explain concepts like co-insurance, payroll considerations, exclusions, and endorsements.

In this webinar you’ll learn the seven steps to accurately calculating insurance sums for interruption coverage and how a claim is determined. By the end of this session, you’ll be prepared to confidently discuss Business Interruption coverage and navigate claims scenarios.

Objectives:

• By the end of this session, participants will be able to:
• Explain the importance of Business Interruption insurance
• Define key terms, including co-insurance, exclusions, and endorsements
• Understand payroll coverage in the context of Business Interruption policies
• Follow the seven steps to calculate accurate insurance sums for coverage
• Outline the process of calculating a Business Interruption claim

Recommended for all brokerage staff.

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