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Webcast

Business Income, Extra Expense, Off-Premises Utility Failure, and Spoilage Coverage


Total Credits: 1

Average Rating:
   4.6
Category:
Commercial Lines |  Commercial Lines - Specialty Policies
Faculty:
David A. Thompson, CPCU, AAI, API, CRIS
Duration:
1 hr
License:
Access till 06/15/2021 after purchase.

Dates



Description

After every hurricane, as soon as the wind stops blowing claim denials “blow in” relating to business income, spoilage, and off-premises utility failure. Situations like this came up in 1992 after Andrew, after the very active 2004 storm season, after Katrina, after Sandy, and after the 2016 and 2017 storm seasons. It’s not unique just to hurricanes either; the same issues arise after tornadoes, ice storms, and wildfires.

 

This class looks at the coverage provided for both direct damage and civil authority issues. The requirements to trigger coverage will be covered, as will exclusions, deductibles, and time limitations. Three ISO endorsement to provide additional coverage will be discussed. Numerous actual claims will be used as examples.

SC Course number #144744
Type of Course: Property & Casualty

Course Materials

Faculty

David A. Thompson, CPCU, AAI, API, CRIS's Profile

David A. Thompson, CPCU, AAI, API, CRIS Related seminars and products

Education Consultant


David is an insurance nerd, presenting continuing education seminars on a variety of subjects and writing technical articles and blogs on topics of interest to agents. David graduated from Mercer University and served seven years as a commissioned officer in the U.S. Army and U.S. Coast Guard. He started his insurance career in a family-owned independent agency in Vero Beach, where he sold all types of insurance. He retired from FAIA in 2020 and continues to consult with the association.

 


State Specific Details

State Approval Information Details

FL - This session has been approved by the Florida Department of Financial Services (DFS) for 1 hour of continuing education credit (intermediate) CE #102402, CE 2-20 - General Lines (Property & Casualty). 

 


Reviews

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Overall:      4.6

Total Reviews: 157

Comments

Denice B - Jacksonville, Florida

"a lot of content for short time still awesome class"

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