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Business Interruption Explained
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BI EXPLAINED - NAMIBIA
HISTORY OF BUSINESS INTERRUPTION INSURANCE
WHAT’S IN A NAME?
WHY IT IS SO IMPORTANT?
EXAMPLES OF WHAT IS COVERED
COVERS MUCH MORE
HOW THE COVER IS SOLD
THE TYPES OF BUSINESS INTERRUPTION INSURANCE AVAILABLE
IT WILL NEVER HAPPEN TO ME!
CHECK LIST: WHO SHOULD HAVE BUSINESS INTERRUPTION INSURANCE?
CASE STUDY: BANCROFTS DRY CLEANERS
THE COVER EXPLAINED
CLAIMS PREPARATION FEES
HOW A CLAIM IS CALCULATED
THE UNDERLYING PRINCIPLE
BACKGROUND TO OUR CLAIMANT
INSURANCE COVERAGE
STEPS 1 – 11
SUMMARY OF CLAIM CALCULATION
WHAT IS THE DIFFERENCE BETWEEN INCREASE IN COST AND ADDITIONAL INCREASE IN COST OF WORKING
HOW SHOULD I INSURE FOR LOSS OF RENT?
WHAT HAPPENS IF I UNDER INSURE?
HOW LONG DO I NEED TO INSURE FOR?
HOW SHOULD WAGES BE INSURED?
CHANGES IN LABOUR
CHANGES TO RISK MANAGEMENT
WHAT DO THE CHANGES MEAN TO THE INSURANCE OF PAYROLL?
THE CONSEQUENCES OF UNDER-INSURANCE OF WAGES
WHAT IS INSURED IN PAYROLL?
FULL WAGES COVER IS BEST
PART WAGES INSURED – KEY / ESSENTIAL STAFF
INSURING NON-ESSENTIAL STAFF FOR SHORT PERIODS
INSURING ONLY A PERCENTAGE OF WAGES
DUAL WAGES INSURANCE
SEVERANCE PAY
SUMMARY OF DISCUSSION ON WAGES
SHOULD I INSURE EVERY EXPENSE?
BUSINESS CONTINUITY PLANNING
EXERCISE, EXERCISE, EXERCISE
WANT TO LEARN MORE?
CAMPAIGN AGAINST THE HIGH LEVEL OF TAXATION ON INSURANCE
ACCOUNTING GROSS PROFIT DOES NOT EQUAL INSURABLE GROSS PROFIT