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Business Income, Extra Expense, Off-Premises Utility Failure and Spoilage Coverage
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Length: 1 hr


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.

David A. Thompson, CPCU, AAI, API, FAIA Instructor

David A. Thompson, CPCU, AAI, API, FAIA Instructor

 

David graduated from Mercer University in Macon, Georgia and then served seven years as a commissioned officer in the U.S. Army and U.S. Coast Guard. David began his insurance career in an independent agency in Vero Beach, Florida, where he was a licensed agent selling all types of insurance for over ten years.

He taught insurance pre-licensing and continuing education classes at a local community college before joining FAIA in 1996. David is a well-rounded instructor with a specialty in personal lines. His classes are upbeat and hands-on, so you can apply the information in real life situations with customers. Being a runner and bar-b-que connoisseur he always finds a way to work those topics into his seminars


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