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Business Interruption Explained
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BI EXPLAINED - NEW ZEALAND
HISTORY OF BUSINESS INTERRUPTION INSURANCE
WHAT’S IN A NAME?
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 SECTION – THE COVER EXPLAINED
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 SECTION – THE COVER EXPLAINED
SHOULD I INSURE EVERY EXPENSE?
BUSINESS CONTINUITY PLANNING
EXERCISE, EXERCISE, EXERCISE
WANT TO LEARN MORE?
ACCOUNTING GROSS PROFIT DOES NOT EQUAL INSURABLE GROSS PROFIT