SUMMARYPresents an all-embracing examination of business interruption and consequential loss insurance in jurisdictions all around the worldExamines the different types of cover available, including contingent business interruption and other extensionsProvides detailed guidance on over 2 charges in company accountsConsiders a wide variety of possible perils and contingencies, such as fire, flood, earthquakes, terrorism, accidents, and natural disasters Looks at the principles, conditions, and available scope of business interruption policies in the 21st century and recognising the impact of competition lawGoes in detail through the wording of policies, highlighting common pitfallsCovers all aspects of claimsIncludes a detailed comparison of UK and US practice and procedure, focusing on the wordings of policies in both the UK and US,Also offers coverage of activities and philosophies of Asia, Africa, the Americas, and AustralasiaAdopts a practical approach, placing emphasis on practice and procedureWHAT’S NEW? Provides detailed analysis of the issues surrounding recent significant legal cases including Coromin, Orient Express Hotels and othersHighlights common pitfalls when arranging business interruption insurance coverIncludes new claims material that explains the process and personnel likely to be involved, and how a claim should be formulatedExtensive coverage of the “but for†principle in determining the scope of cover in the event of a loss, including wide area damage scenariosExplores the degree to which payments under a business interruption policy are likely to be recoverable by way of subrogationExplains how a number of recurring claims issues are addressed by the policy wording and resolved in practiceCONTENTSSECTION 1 – OVERVIEWChapter 1: Measurement of Loss of Future Earnings – The Basis of Business Interruption Insurance Chapter 2: The Framework of the Cover Chapter 3: Operation of the Cover SECTION 2 – ESTABLISHING THE BASIS OF COVER REQUIREDChapter 4: Risk Management & Self InsuranceChapter 5: Perils Chapter 6: Gross Profit, Gross Earnings or Increase in Cost of Working: Specifications and Definitions Chapter 7: The Maximum Indemnity PeriodChapter 8: Calculating the Amount to be Insured Chapter 9: Additional Clauses and ItemsChapter 1: Dependency ExtensionsChapter 11: Special Forms of Insurance - Separate Items or PoliciesChapter 12: International ConsiderationsSECTION 3 - CLAIMSChapter 13: Claims – The ProcessChapter 14: Claim CalculationChapter 15: Claim Settlements – Other ConsiderationsSUBSCRIPTION INFORMATIONSAVE 1% ON THIS EDITION AND FUTURE EDITIONS OF THIS TITLE WHEN YOU REQUEST A STANDING ORDER
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