Business Income: Are You Sure You Protected ALL the Insurable Income?
Author: Chris Boggs
Business income is the most important property coverage available. Businesses exist to make money; without income, the business ceases to exist. BI ensures there is a flow of income until the business in once again operational.
In this 57-page Big "I" Virtual University Risk & Reality Report, author Chris Boggs teaches you the hardest lesson surrounding business income - how to complete the business income worksheet (CP 15 15). This worksheet has frightened insurance practitioners for decades - but no more. With this information, class completers will be much better prepared to advise their clients.
This session details: completion of the Business Income Worksheet; the difference between "insurable" and "compensable" business income; how to insure the additional loss of income that occurs once the business reopens; and how to properly insure the exposure created by dependent properties (contingent business income).
What is a Big "I" Virtual University Risk & Reality Report?
Our Risk & Reality Reports are white papers adapted from various Big "I" Virtual University webinars and articles written by some of the industry's leading experts.