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Business Interruption Policy Wordings : Challenges highlighted by claims experience.

Author: Harry Roberts; Damian Glynn
Publisher: Cork : Insurance Institute of London, 2013.
Series: First.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This book addresses topics identified by the BI community and the CILA. Clarity and contract certainty, where consistency in the claims response can be seen, is the main aim of the book.
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Roberts, Harry.
Business Interruption Policy Wordings : Challenges highlighted by claims experience.
Cork : Insurance Institute of London, ©2013
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Harry Roberts; Damian Glynn
ISBN: 9780900493959 090049395X
OCLC Number: 870600294
Description: 1 online resource (205 pages).
Contents: Cover; Halftitle; Title; Copyright; Preface; Contributors; Contents; 1 Gross Profit; 1.1 Gross Profit Definition; 1.2 Gross Profit Uninsured Standing Charges Clause; 1.3 Material Damage/Business Interruption Overlap; 1.4 Material Damage Proviso; 1.5 Rent; 1.6 Declaration-Linked Policies No Proportionate Reduction .; 1.7 Declaration-Linked Policies Overall Impactv; 2 Damage; 2.1 Damage Definition; 2.2 Wide Area Damage; 2.3 Premises; 2.4 Denial, Prevention and Hindrance of Access; 2.5 Suppliers and Customers Extension; 3 Increased Costs; 3.1 Increase in Cost of Working Apportionment. 3.2 Outsourcing and Blundell Spence3.3 Increase in Cost of Working (Only) Covers; 3.4 Fines and Penalties; 4 Sundry; 4.1 Auditors' and Accountants' Charges; 4.2 Time Deductibles; 4.3 Definition of Maximum Indemnity Period; 4.4 Depreciation Savings; 4.5 Alteration Condition; 5 Procedural; 5.2 Declaration-Linked Policies Two Declarations; 5.3 Declaration-Linked Policies Basis Periods; 5.4 Declaration-Linked Policies Periods Other Than 12 Months; 5.5 Increase in Cost of Working Applying the Economic Limit; 5.6 Payments on Account; 5.7 Notification of BI Claims; 5.8 Information Disclosure. 6 Conceptual6.1 Should Gross Profit be Replaced by Gross Revenue?; 6.2 Notification is a Minefield; 6.3 Review of UK and US Wordings; Appendix 1; Appendix 2; Index.
Series Title: First.

Abstract:

This book addresses topics identified by the BI community and the CILA. Clarity and contract certainty, where consistency in the claims response can be seen, is the main aim of the book.

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