Class Description
This course originally met weekly from 1/21/10-2/18/10 and is now available for immediate viewing
US Fire Administration and National Fire Protection Association (NFPA) statistics indicate that between 115,000 and 130,000 business-related structures suffer fire damage every year; that’s one structure every five (5) minutes. Between 25 and 33 percent of these business never reopen or close shortly after reopening, not because of the lack of property insurance but due to the lack of or improperly designed business income protection. Without income, no business can survive very long. Insurance agents and brokers either fail to sell or improperly structure business income coverage; setting their clients up for business failure following a major loss. Business income and/or extra expense are the MOST important property coverages any insured can purchase; and the coverage is not nearly as mysterious as agents believe. Remove the mystery and discover how simple business income coverage really is during this five-part Web series.”
Take-aways:
- Learn how truly easy it is to pick the correct coinsurance option
- Learn how unimportant coinsurance really is
- Understand how to coordinate business income coverage with other exposures such as ordinance or law issues
- Develop an understanding of the non-coinsurance options and when they should/could be used
- Gain a better understanding about how to recognize a dependent property exposure and how best to protect the insured from these loss exposures.
Webinar purchase Includes a free electronic copy of the book, Business Income Insurance Demystified: The Simplified Guide to Understanding Business Income Coverage ($35.95 value).