Welcome to the Business Interruption SIG
Much good foundation work was put in place by senior BI specialists within CILA following the 7/7 outrage. A committee was formed of suitable volunteers from the major adjusting houses and the smaller practices...
What's new?
BI Cover Issues is a powerful business tool for those involved in setting-up business interruption programmes.
Written by Damian Glynn BA (Hons) FCA FCILA, the book identifies recurrent business interruption policy issues highlighted by insurance claims. It will help to ensure that the customer is correctly insured, thereby avoiding problems at claim time due to underinsurance or inadequate scope of cover.
The book uses real life examples and where appropriate, offers pragmatic suggestions to avoid any similar issues in the future. Examples include insufficiently long Maximum Indemnity Periods, oversights in the calculation of Gross Profit for policy purposes and the continued existence of non declaration linked polices.
Brokers, both account executives and business development staff, will benefit from reading this book. So too will underwriters, and others within insurance companies. It will also appeal to the purchasers of insurance, be they risk managers or finance directors, in helping to protect their business bottom line.
