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Webcast

Properly Calculating & Insuring the Business Income Exposure


Total Credits: 2 including 2 CE Credit

Average Rating:
   49
Categories:
Commercial Lines |  Commercial Lines - Advanced |  Big “I” Virtual University
Faculty:
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS
Course Levels:
All Levels
Duration:
2 Hours
License:
Access for 30 day(s) after program date.

Dates


Description

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).

Basic Course Information

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

Course Materials

Faculty

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS's Profile

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS Related seminars and products


Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, joined the insurance industry in 1990. He is the Executive Director of the Independent Insurance Agents and Brokers of America (Big "I") Virtual University. His current duties involve researching, writing, and teaching property and casualty insurance coverages and concepts to Big "I" members and others in the insurance industry.

During his career, Boggs has authored more than 300 insurance and risk management-related articles on a wide range of topics as diverse as Credit Default Swaps, the MCS-90, and enterprise risk management. In addition to this, Boggs has written 13 insurance and risk management books:

  • "The Insurance Professional's Practical Guide to Workers' Compensation: From History through Audit," now in its second edition;
  • "Business Income Insurance Demystified: The Simplified Guide to Time Element Coverages," now in its third edition;
  • "Property and Casualty Insurance Concepts Simplified: The Ultimate 'How to' Insurance Guide for Agents, Brokers, Underwriters and Adjusters;"
  • "Wow! I Never Knew That! 12 of the Most Misunderstood and Misused P&C Coverages, Concepts and Exclusions;"
  • "Insurance, Risk & Risk Management! The Insurance Professional's Guide to Risk Management and Insurance;"
  • "Workers' Compensation: How You Can Effectively Answer Your Clients 12 Most Commonly Asked Questions;"
  • "Glossary of Insurance Terms;"
  • "Choosing the Best Risk Financing Option;"
  • "Writing Property and Liability Coverage for Condos;"
  • "The Truth about Enterprise Risk Management;"
  • "The Experience Mod Worksheet;"
  • "What has ISO Done to us Now?" and
  • "Cancellations, Non-Renewals & Conditional Renewals: THE Insurance Professional's Guide to Statutory Insurance Carrier Notification Requirements for All 50 States!"

Boggs is a regular speaker at industry events, speaking for groups such as the National Association of Mutual Insurance Companies (NAMIC), the National Society of Insurance Premium Auditors (NSIPA), the American Association of Managing General Agents (AAMGA), the Institute of Work Comp Professionals (IWCP), and the CPCU Society.

A graduate of Liberty University with a bachelor's degree in Journalism, Boggs' background includes work as a risk management consultant, loss control representative, producer, claims manager, and quality assurance specialist


Dates

Thu, Jun 15, 2023 - 12:00pm to 02:03pm EDT
Mon, Jun 19, 2023 - 02:00pm to 04:03pm EDT
Fri, Jul 07, 2023 - 08:00am to 10:03am EDT
Mon, Jul 24, 2023 - 10:00am to 12:03pm EDT
Fri, Aug 04, 2023 - 12:00pm to 02:03pm EDT
Thu, Aug 24, 2023 - 02:00pm to 04:03pm EDT
Tue, Sep 12, 2023 - 08:00am to 10:03am EDT
Wed, Sep 20, 2023 - 10:00am to 12:03pm EDT
Tue, Oct 03, 2023 - 12:00pm to 02:03pm EDT
Wed, Oct 18, 2023 - 02:00pm to 04:03pm EDT
Mon, Nov 13, 2023 - 08:00am to 10:03am EST
Wed, Nov 29, 2023 - 10:00am to 12:03pm EST
Tue, Dec 12, 2023 - 12:00pm to 02:03pm EST
Thu, Dec 28, 2023 - 02:00pm to 04:03pm EST

State Specific Details

State Approval Information Details NJ - This course is approved for 2 hours of credit # 88903122

Reviews

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Overall:      4.8

Total Reviews: 49