National Insurance Brokers Association

The National Insurance Brokers Association is the peak representative body for the intermediated insurance industry in Australia.

https://www.niba.com.au

This is a past event. Registration is closed. View other National Insurance Brokers Association events.

Event Details

Target Audience

Insurance Brokers, and Agents, Insurance Professionals and Business Managers.


Overview

In this session, techniques will be explored to uncover the skills and knowledge required by Brokers to provide appropriate advice and services when advising clients and recommending placing business interruption insurance cover/ policies. This will be further illustrated by walking through "real life" business interruption insurance claims.


As an expert in the preparation of business interruption insurance (and property damage) claims, Rob Martin from MartinMinett Claims Prep will share his wealth of knowledge in this interactive session.


Key Take-aways

  • Why Business Interruption (BI) insurance is important
  • The Insurance theory behind BI insurance
  • The main components of BI Insurance e.g. Gross Profit (GP)/ Revenue, Increased Costs (ICOW & AICOW/ Extra Expenses), Insuring Payroll (including Dual Basis Payroll Option), Determining Adequate Indemnity Period (IP), Considering MPL and MFL Scenarios etc.
  • How to calculate GP declared values and adequately set other BI sub limits
  • "Real life" Case study examples (based on real BI & MD Claims) – with learnings from them.


At the conclusion of this event, you will have the opportunity to network and engage with other industry professionals.

Agenda

May 22, 2024

Main Schedule

13:30 - 14:00
Arrival, registration, and networking
14:00 - 14:10
Welcome and Introduction
14:10 - 14:30
Why Business Interruption (BI) insurance is important.
14:30 - 15:00
The insurance theory behind BI insurance
15:00 - 15:30
Afternoon Tea Break & Networking
15:30 - 16:00
The main components of BI insurance
e.g. Gross Profit (GP)/ Revenue, Increased Costs (ICOW & AICOW/ Extra Expenses), Insuring Payroll (including Dual Basis Payroll Option), Determining Adequate Indemnity Period (IP), Considering MPL and MFL Scenarios etc.
16:00 - 17:00
How to calculate GP declared values and adequately set other BI sub limits
17:00 - 17:30
"Real life" Case study examples
Based on real BI & MD claims.
17:30 - 18:30
Networking

Speakers

Rob Martin (Director of Martin Minett)

Rob Martin

Director of Martin Minett

Event Sponsors

We would like to thank our sponsors for this event - MartinMinett, Elantis and Aon.

Venue

Venue

Aon Building
Level 33, 201 Kent Street
Sydney, New South Wales, Australia

Cottesloe & Trinity Rooms (merged)

Contact us

For additional event or venue information, please email events@niba.com.auYou can also reach us at +61 61299649400

See route