C40 – Business Interruption Insurance
Business interruption is related to property insurance, so we recommend you take C12: Insurance on Property first. This is an important course for the underwriter, agency or brokerage sales professional, or adjuster who anticipates concentrating on commercial property insurance. The introduction describes the benefits of this type of insurance to businesses. You will study IBC’s new 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.
Chapter Outlines:
- Introduction to business interruption insurance
- The standard and Extended Business Income forms
- Choosing sums insured and settling losses under the Business Income forms
- Rental income
- Extra expense insurance
- Miscellaneous business interruption forms
