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The disappointment of customers and the many policy disputes on business interruption coverage following the pandemic have illustrated that many insureds and some of their brokers did not understand the limitations of property damage/business interruption coverage.
Learning Outcomes
At the end of this program, participants will be able to:
- Illustrate how property damage/business interruption policies usually only cover interruption following “physical damage”.
- Explain how some of the business interruption extensions may provide cover which is not triggered by physical damage but which is still limited in scope.
- Outline how property damage/business interruption insurers may impose additional language to exclude coverage for interruption caused by a pandemic.
- Outline some of the potential pandemic insurance/reinsurance options which are now being discussed in markets around the world.
Course Content:
- Property damage/business interruption policies
- Various scenarios which can be used to demonstrate the coverage provided by business interruption coverage and its limitations
- Potential pandemic insurance/reinsurance options in the market
Speaker’s Profile
Neil Park is an experienced trainer and consultant currently working in the insurance industry in United Kingdom and internationally. He delivers workshops in technical insurance (including property, business interruption, liability, professional indemnity, directors’ and officers’ liability and cyber risk), risk management, insurance broking and sales and negotiation skills.
He has a strong commercial insurance background, with working experience for 20 years at international brokers both in London and North America, leading teams and managing major client relationships.
Neil is a Fellow of the Chartered Insurance Institute (FCII) as well as having an MA in Economics from the University of Cambridge and an MBA.
Date and Time
Date: 10 November 2020
Time: 3:00 p.m. – 5:00 p.m. (Kuala Lumpur time) | 7:00 a.m. – 9:00 a.m. (London time)
Registration Closes: 2 November 2020
Registration Fee
MII/CII Members: Local RM 150.00 | International USD 37
Non Members: Local RM 250.00 | International USD 50
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