Business Interruption resulting in partial or total closure of the affected Business or added costs, has been flagged by many experts as one of the most significant risks faced by Corporates in the current milieu. Emerging risks like Cyber Attacks & Pandemics have further accentuated the need to find appropriate risk transfer mechanisms.
Such Interruptions in the Business resulting from delays in reinstatement, loss of customers, labour issues, or a combination of all these three factors, can extend over many months & even years. Increased costs of doing business can be substantial & impact both the earning capacities and put pressure on diminishing cash flows.
But sadly, in spite of all this, the insurance penetration for these types of policies remains abysmally low. The most likely reason for this could be that we as an Insuring community do not effectively market such products. This may be due to our lack of expertise around them.
The course content has thus been designed with a view that, upon completion of this 1-day workshop the participants will feel comfortable in providing best of class insurance expertise to their customers & clients at par with international standards.
The Facilitator’s classroom delivery will concentrate not only on theoretical aspects, but underwriting nuances of these multiple Business Interruption Policy variants as suited for different exposures will be presented with a number of practical examples; claim incidents & international best practices.