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.
Audience: Agent and Customer Service Training
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
| PLEASE READ - IMPORTANT CE INFORMATION AND STATE REQUIRED FORMS (ABEN) (0.59 MB) | Available after Purchase | ||
| Course_Slides (7.65 MB) | Available after Purchase | ||
| Course Outline (0.01 MB) | Available after Purchase |
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
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Wed, Nov 18, 2020 - 11:00am to 12:01pm EST
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Wed, Dec 16, 2020 - 11:00am to 12:01pm EST
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Mon, Jan 04, 2021 - 02:00pm to 03:01pm EST
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Mon, Feb 01, 2021 - 02:00pm to 03:01pm EST
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Mon, Mar 01, 2021 - 02:00pm to 03:01pm EST
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Mon, Apr 05, 2021 - 02:00pm to 03:01pm EDT
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Mon, May 03, 2021 - 02:00pm to 03:01pm EDT
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Mon, Jun 07, 2021 - 02:00pm to 03:01pm EDT
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Mon, Jul 05, 2021 - 02:00pm to 03:01pm EDT
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Mon, Aug 02, 2021 - 02:00pm to 03:01pm EDT
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Thu, Sep 30, 2021 - 02:00pm to 03:01pm EDT
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Mon, Oct 04, 2021 - 02:00pm to 03:01pm EDT
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Mon, Nov 01, 2021 - 02:00pm to 03:01pm EDT
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Mon, Dec 06, 2021 - 02:00pm to 03:01pm EST
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State Specific Details
State Approval Information DetailsFL - 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
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Overall: 4.5
Total Reviews: 128
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