1 / 14

Enhancing Business Interruption Coverage: Forms Study and Additional Protection Options

Learn how to address uncovered business interruption exposures with various forms and endorsements to safeguard against financial losses. This study delves into leasehold interest insurance and additional protection options.

lindahill
Download Presentation

Enhancing Business Interruption Coverage: Forms Study and Additional Protection Options

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. C40 – Business Interruption Insurance Study 8 – Miscellaneous Business Interruption Forms

  2. Study 8 – Miscellaneous Business Interruption Forms • State how an insured may cover business interruption exposures that might not be covered by standard business interruption forms • Describe the exposures addressed and the coverage provided by various additional forms

  3. Introduction

  4. Leasehold Interest Insurance

  5. Two Main Features • Amount of Insurance: • Amount of insurance is automatically reduced from month to month. • Pro-rata portion. • Insurer’s Liability: • The interest of the insured as lease (not exceeding 3 months). • The net leasehold interest (at a discounted rate).

  6. Contingent Business Income Extension Endorsement (IBC Form 4116)

  7. Contingent Liability From Enforcement of Building By-Laws:Additional Time Required for Rebuilding Endorsement (IBC Form 4117)

  8. Additional Increase in Cost of Operations Endorsement

  9. Inland Marine Property In Transit

  10. The End……………… • Questions????????????????? • Discussion>>>>>>>>>>>>>>>>

More Related