Business Income - The Five Key Considerations in Limit Setting - 2 CE
Course #252467
Fire & Casualty
Course Description
Setting a limit on Business Income Insurance is a very difficult task and requires that the insured provide a financial statement and that the insured actually set the limit.
This course will highlight five key considerations in setting limit:
- Overview of the three forms available;
- Coinsurance selection and suspension;
- Continuing vs. non continuing expenses and limit setting;
- Projection based on physical length down and financial loss; Determining probable maximum Loss.