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Properly Calculating & Insuring the Business Income Exposure



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Properly Calculating & Insuring the Business Income Exposure

While classroom courses are on hold, we encourage you to visit ABEN or select a CEP webinar listed below to complete your CE credits during this time.  My Agency Campus will also continue to help agencies support employee onboarding, training, and advancement. Please feel free to contact us at any time with questions.

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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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