Insurance Journal's Academy of Insurance

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Business Income Limits and Coinsurance

Business Income Limits and Coinsurance

Quick Overview

If only you could just always get that 24 month actual loss sustained, right?

It doesn't always go that way and we are well aware of that.

Join us as Academy Director, Patrick Wraight brings a quick session about setting business income and extra expense limits and dealing with coinsurance in business income.


Can't make it Thursday? Register now and we'll send you the recording.

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Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Patrick WraightPatrick Wraight

Setting policy limits for any property insurance policy can be tough. A building is never worth just what you paid for it. It usually takes time and effort to build out replacement cost estimations, unless you happen to have documentation from a building appraiser who writes a replacement cost appraisal for the building and it's recent. That complexity is ramped up when you are talking about a property loss that doesn't have a physical asset to appraise.

Business income and extra expense coverage are hard to properly value because you don't know everything that you want to know when setting the limits.

Then you have to deal with coinsurance. That's what this session is about, gaining some insight into setting those limits and ways to deal with the coinsurance issue.

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