Image of Business Income, Extra Expense, Off-Premises Utility Failure, and Spoi
Webcast

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


Total Credits: 1 including 1 CE Credit

Average Rating:
   4.5
Category:
Commercial Lines |  Commercial Lines - Specialty Policies
Faculty:
David A. Thompson
Duration:
1 Hour 01 Minutes
License:
Access for 30 day(s) after program date.



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.

Course Materials

Faculty

David A. Thompson's Profile

David A. Thompson Related seminars and products: 11

CPCU, AAI, API, CRIS, Education Instructor

Florida Association of Insurance Agents


David is FAIA's full-time 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 joined FAIA in 1996.


Dates

Wed, Jul 15, 2020 - 11:00a to 12:01p EDT
Wed, Aug 19, 2020 - 11:00a to 12:01p EDT
Wed, Sep 16, 2020 - 11:00a to 12:01p EDT
Wed, Oct 21, 2020 - 11:00a to 12:01p EDT
Wed, Nov 18, 2020 - 11:00a to 12:01p EST
Wed, Dec 16, 2020 - 11:00a to 12:01p EST

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). 

 

TN - This course is approved for 1 hr CE - Course#30687

LA - This course is approved for 1 hr CE - Course#31827

TX - This course is approved for 1 hr CE - Course#119205


Reviews

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Overall:      4.5

Total Reviews: 115

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