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Business Interruption: Beyond the Basics - Webinar (EST)
Webinar
ON
[Map]
Date and Time: August 08, 2023 9:30 am - 11:30 am EST
WEBINAR | BUILDING
| TECHNICAL
Business
interruption insurance is often perceived as a highly technical field, both
difficult to sell and to service. As a result, it is a commodity that, although
important to all risk portfolios, is undersold. This seminar aims to put aside
the accounting and the numbers so that the insurance people in all disciplines
can get a better handle on the how tos of business interruption.Business interruption insurance is a vital
component of any business continuity plan and requires concentrated attention
because it cannot be altered after a disaster occurs. Many aspects of BI
replicate business continuity planning, especially the business impact analysis
aspects of it and requires an understanding from the insurance professional from
different aspects.
Objectives
Four KEY Concepts that you must know to properly write Business
Income Coverage
Major Business Income Policy
Provisions
An overview on how to calculate
Coinsurance, Period of Restoration and Coverage Amounts
Non-Coinsurance Options and when you should consider
them
How to determine Extra Expense needs and
options for providing coverage
Seminar Leader: Melanie Needham, FCIP,
CRM
President, MRD Consulting
RIBO CE Hours: 2 Technical
hours In order to be eligible for
Continuing Education hours, you must be logged in for the duration of the entire
webinar, attendance will be taken throughout (late arrival or early departure
from session will result in no CE hours issued as per
the provincial regulator. For a webinar, this includes a
transmission disruption due to unresolvable technical issues. Partial
hours cannot be issued)PLEASE
NOTE :
- Your Insurance Institute
of Ontario membership must be up-to-date.
- Fees noted below do
not include hst.
- In order to be eligible for Continuing Education hours,
you must be logged in for the duration of the entire webinar, attendance will be
taken throughout.
- FOR GROUP RATES OF 3 OR MORE, or If you need assistance
with registration, email us: ottawamail@insuranceinstitute.ca
LINK TO
WEBINAR
24 hours prior to the webinar, all registrants will receive an
e-mail providing the direct link to the Webinar. This link is unique to you and
is tied to your name, it cannot be shared or used by others. This link must
be used when you log in to the webinar so that your attendance can be
tracked.
COMPUTER REQUIREMENTS
Our
webinar platform for this session is Zoom.
Please ensure your system meets the technical requirements to
participate. You test your system using this link:
https://zoom.us/test
AUDIO: Headphones or speakers connected to your computer are required
for this webinar.BEST
PRATICES FOR VIRTUAL SESSIONS
Please be
advised that your image and voice may be captured and recorded during this
virtual session for review purposes. Your participation in this virtual session
is considered consent to be recorded as required by law.
It is highly
recommended that you follow
our suggested best practices when participating in any virtual
session.
We have taken every precaution to keep you and your information
safe. Here
is what we are doing to protect all of our
stakeholders.