Why Business Income is the MOST Important Property Coverage

8:00 am to 10:00 am Eastern

Business income is the most undersold property coverage - perhaps because it's the most misunderstood and scary - but businesses exist to make money and without income, the business ceases to exist. In reality, business income is quite simple once the basic concepts are understood. This Big "I" Virtual University webinar will teach you to:

• The four key business income concepts
• Major business income policy provisions
• How to calculate coinsurance, the period of restoration, and coverage amounts

REGISTER

3 Keys to Getting the Named Insured Correct

10:30 am to 12:30 pm Eastern

Before any claim is paid, status as an "insured" must exist. Is the person or entity suffering or causing loss, injury or damage an insured? If the answer is "no," there is no need to go any further. If "insured" status does not exist, all your hard work is wasted; no one will ever find out how good you are at designing coverage - because you messed up at the beginning. If you mess this up, you will have a ticked off insured and maybe an E&O claim you never expected. You have to get this one detail - the named insured - correct. Participants in this 2 hour class will be able to:

• Identify improperly named insureds
• Understand the amount of protection extended to an insured
• Describe the technical difference between a "DBA" and a "TA"
• Explain why one "person" can't do business/trade as another "person"
• Properly manage multiple named insureds.

REGISTER

Properly Calculating & Insuring Business Income Exposure

1:00 pm to 3:00 pm Eastern

Business income (BI) is the most important property coverage available. Businesses exist to make money and without income, the business ceases to exist. BI ensures there is a flow of income until the business is once again operational. During this session, attendees will learn the hardest lesson surrounding BI - how to complete the business income worksheet (CP 15 15). This Big "I" Virtual University webinar provides you with:

• A description of three key BI concepts - business income, period of restoration, and the "time doctrine"
• A step-by-step tutorial for completing the Business Income Worksheet (CP 15 15)
• An explanation of the difference between "insurable" and "compensable" business income
• A discussion about extended business income and how to insure the additional loss of income that occurs once the business reopens
• A few pointers about dependent property coverage.

REGISTER

Rules for Developing the Correct Premium

3:30 pm to 5:30 pm Eastern

Insurance premiums are based upon certain exposures which cannot be definitively known at policy inception, only estimated. Since the basis of premium is only estimated, the insurer may not be paid the correct premium for the insured exposure. To assure proper premiums, a premium audit is performed after the policy period ends. Since agents are often caught "in the middle" of an audit, they need to understand all the facets involved. This 2 hour Big "I" VU webinar discusses:

• The who, what, and how of commercial general liability audits
• The who, what, and how of workers' compensation audits
• The various entities and agencies involved in creating premium audit rules and guidelines
• Who is and is not included in audits
• Some highlights of commercial auto and garage audits
• The "ABC's" or rules of premium audits.

REGISTER