C40: Business Interruption Insurance

Please note that the final examination for this course is a computer-based exam.

Business Interruption Insurance is an important course for the underwriter, agency or brokerage sales professional, or adjuster who anticipates concentrating on commercial property insurance. The introduction to business interruption insurance describes the benefits of this type of insurance to businesses. You will study IBC's Business Income forms in detail and learn about settling losses under and choosing limits for these forms. You will also learn about the Gross Earnings and Profits forms that have prevailed in the Canadian market.

Note: Business interruption is related to property insurance, so we recommend you take C12: Insurance on Property first.

Course Outline

  • Introduction to Business Interruption Insurance
  • Business Income: The Limited Forms
  • Business Income: The Extended Forms
  • The Business Income Forms: Sum Insured; Loss Settlement
  • The Gross Earnings and Profits Forms
  • Rental Income
  • Extra Expense Insurance
  • Miscellaneous Business Interruption Forms
  • Non-traditional Exposures in Business Interruption Insurance

Who Should Register

All insurance courses offered by The Insurance Institute are designed for individuals who want to attain a highly recognized and respected professional designation in the p&c industry. The professional designation Chartered Insurance Professional (CIP) is recognized across Canada and elsewhere around the world as the benchmark of insurance professionalism.

Business Interruption Insurance is for industry professionals, including brokers and agents, underwriters and adjusters, who want a comprehensive p&c education and the skills and knowledge required to advance their careers.

Course Offerings

Distance Learning

Name Start Date End Date Method  
C40: Business Interruption Insurance/C40 : L’assurance des pertes d’exploitation 9/1/2022 11/30/2022 Independent Study

In-Class and Virtual Learning

Name Location Start Date End Date Class Time Delivery Method  
C40: L'assurance des pertes d'exploitation - Mercredi En ligne-IADQ 9/21/2022 11/23/2022 18h30 à 21h30 Est Internet
C40: Business Interruption (Wednesday) Online - Halifax 9/21/2022 11/23/2022 6:30 pm Atlantic Virtual
C40: Business Interruption (Wednesday) Online - Edmonton 9/21/2022 11/23/2022 4:00 pm MDT Virtual
C40: Business Interruption (Wednesday-Virtual) Online-Moncton 9/21/2022 11/23/2022 6:30 pm AST Virtual
C40: Business Interruption (Wednesday) Online - Calgary 9/21/2022 11/23/2022 4:00 pm MDT Virtual
C40: Business Interruption (Wednesday) Online - St.John's 9/21/2022 11/23/2022 7:00 pm NST Virtual
C40: Business Interruption (Wednesday) Winnipeg Virtual 9/21/2022 11/23/2022 4:30 pm Manitoba Virtual
C40: Business Interruption (Wednesday) Online - PEI 9/21/2022 11/23/2022 6:30 pm Atlantic Virtual