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The “Business Interruption: Service Insureds” course is designed to help
adjusters understand the business interruption assessment for service insureds,
including potential coverage issues, gathering documentation, mitigating losses,
and calculating the extent of the loss. The module is presented by Mark N. Henry,
CPA/CFF, of Morgan Johnson Carpenter & Company, PC, and Anthony DeCesare,
Executive General Adjuster of Engle Martin & Associates.
The course begins
with an overview of the various types of covered losses which can lead service
insureds to suffer a business interruption. Then, the course provides the
features of applicable policy components such as automatic daily payments, 12-
month limitations, and extended periods of liability. The course also explores in
depth the flexible uses of the extra expense coverage. Then, the course reviews
three in-depth examples of service insureds from the medical, financial, and
professional industries, reviewing the documentation to be gathered, the unique
challenges faced by each industry, and the various methods of calculating
business interruptions losses. Finally, the course recommends frequent and
substantive communication with the insured throughout the handling of the claim.
After completing the course, the attendee will understand how to gather
information on the business operation and the loss; how to obtain the appropriate
documentation; how to use extra expense coverage to help the insured mitigate
losses and return promptly to normal business operations even in the aftermath of
widespread natural disaster; how a timing delay in payment can affect business
interruption losses; how long-term loss of clients can interact with the period
of restoration; how to adjust projected losses by the percentage of charges
typically collected; and how to navigate disputed income loss calculations
through building trust with the insured.
The course is designed for
insurance professionals working in the area of property adjusting.
What CE Credit is available?
Note: To qualify for credit, you must submit completion (including a passed final exam if required) within five days of completing the last quiz. No partial credits will be awarded.
|
State:
|
Adjuster General
CE Hours: |
Adjuster Ethics
CE Hours: |
Attorney General
CLE Hours: |
State's Course ID:
|
| NH | 2.0 | 481625 | ||
| TX (classroom equivalent) | 1.0 | 107209 | ||
| NC | 2.0 | 206649 | ||
| FL * ( Provider Number: 364169 ) | 3.0 Optional | 1191351 | ||
| IL | 2.0 | 533189 | ||
| WY | 2.0 | 27639 | ||
| OK | 2.0 | 1027697 | ||
| NH | 2.0 | 481625 | ||
| TX (classroom equivalent) | 1.0 | 107209 | ||
| NC | 2.0 | 206649 | ||
| FL * ( Provider Number: 364169 ) | 3.0 Optional | 1173035 | ||
| IL | 2.0 | 533189 | ||
| WY | 2.0 | 27639 | ||
| OK | 2.0 | 1027697 |
* This course has been approved by the Florida Department of Financial Services for insurance continuing education credit.
