Know Your Limits: Considering BI Extensions
While a great deal of focus is –quite fairly – spent on the declared values and indemnity periods of a Business Interruption policy, many claims fall within sub-limits rather than the main cover. Such sub-limits can be boiler plate extensions and not attract the same scrutiny under renewal as the “big numbers” – I.e., declared values and limits of liability. However, a fire at an Insured’s key supplier or a flood blocking access to their main factory can cause significant disruption to a business which often goes beyond the lower indemnity periods and limits applied to such extensions.
Are Insureds fairly warned about the risks associated with these lower limits, and how the policy would respond? How do we as adjusters on both sides of the table handle such claims?
Through a series of case studies, we will cover the pitfalls and considerations of these BI extensions, and debate the issues affecting adjusters and claims preparers on both sides of the table.
- Aruna Chandrapalan ACMA ACILA, Senior Manager, Forensic Advisory Services Division, Sedgwick International UK
- Melissa Cunningham ACA Adv Dip CILA, Vice President, Managing Consultant, Marsh
- Mark Harris BA(Hons) FCCA ACILA, Major & Complex Loss Accountant, Crawford Global Technical Services
The webinar is due to start at 10.00am (GMT) and finish by 11.00am (GMT).
Once you have booked your place to register your interest, closer to the date, we will send out WebEx registration details and instructions on how to join the webinar.
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