Properly Calculating & Insuring the Business Income Exposure

Monday, December 6, 2021

Description

10:30 AM - 12:30 PM

Business income (BI) is the most important property coverage available. Businesses exist to make money and without income, the business ceases to exist.

BI ensures there is a flow of income until the business is once again operational. During this session, attendees will learn the hardest lesson surrounding BI – how to complete the business income worksheet (CP 15 15).

This session provides you with:

  • A description of three key BI concepts – business income, period of restoration, and the “time doctrine";
  • A step-by-step tutorial for completing the Business Income Worksheet (CP 15 15);
  • An explanation of the difference between “insurable" and “compensable" business income;
  • A discussion about extended business income and how to insure the additional loss of income that occurs once the business reopens; and
  • A few pointers about dependent property coverage.

Approved for 2 NJ CE Credits 
IIABA
Event Contact
Jennifer Kacmarsky
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Monday, December 6, 2021
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