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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.

Dates

Price



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 Related seminars and products: 14

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, Nov 18, 2020 - 11:00am to 12:01pm EST
Wed, Dec 16, 2020 - 11:00am to 12:01pm EST
Mon, Jan 04, 2021 - 02:00pm to 03:01pm EST
Mon, Feb 01, 2021 - 02:00pm to 03:01pm EST
Mon, Mar 01, 2021 - 02:00pm to 03:01pm EST
Mon, Apr 05, 2021 - 02:00pm to 03:01pm EDT
Mon, May 03, 2021 - 02:00pm to 03:01pm EDT
Mon, Jun 07, 2021 - 02:00pm to 03:01pm EDT
Mon, Jul 05, 2021 - 02:00pm to 03:01pm EDT
Mon, Aug 02, 2021 - 02:00pm to 03:01pm EDT
Thu, Sep 30, 2021 - 02:00pm to 03:01pm EDT
Mon, Oct 04, 2021 - 02:00pm to 03:01pm EDT
Mon, Nov 01, 2021 - 02:00pm to 03:01pm EDT
Mon, Dec 06, 2021 - 02:00pm to 03:01pm 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 (IIAT,IIAH & IIAA) - This course is approved for 1 hr CE - Course#119205


Reviews

5
4
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1

Overall:      4.5

Total Reviews: 128

Comments

Denice B - Jacksonville, Florida

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

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