Image of Business Income, Extra Expense, Off-Premises Utility Failure, and Spoi
Video On Demand

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:
53 Minutes
License:
Access for 90 day(s) after purchase.



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: 3

CPCU, AAI, API, FAIA Instructor


David A. Thompson, CPCU, AAI, API, FAIA Instructor

 

David graduated from Mercer University in Macon, Georgia and then served seven years as a commissioned officer in the U.S. Army and U.S. Coast Guard. David began his insurance career in an independent agency in Vero Beach, Florida, where he was a licensed agent selling all types of insurance for over ten years.

He taught insurance pre-licensing and continuing education classes at a local community college before joining FAIA in 1996. David is a well-rounded instructor with a specialty in personal lines. His classes are upbeat and hands-on, so you can apply the information in real life situations with customers. Being a runner and bar-b-que connoisseur he always finds a way to work those topics into his seminars


State Specific Details

State Approval Information Details

TN - This course is approved for 1 hr CE - Course # 30687

LA - This course is approved for 1 hr CE - Course# 31827


Reviews

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Overall:      4.5

Total Reviews: 85

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