Business Interruption Insurance: Back To Fundamentals

Programme Highlights

Business interruption insurance is arguably the most important business insurance cover but one of the least understood. In today’s globalised and highly interconnected business environment, Business Interruption (BI) Insurance can often be the critical difference in whether a business recovers from, or survives a serious catastrophe, such as fire, windstorm or earthquake. While most practitioners may have a high-level appreciation of this class of insurance, many do not fully grasp the details of how the policy works in practice.

This 2-day programme aims to demystify BI Insurance and provide participants with a comprehensive and sound technical understanding of the principles of and practices in underwriting this specialised class of insurance. Participants will also work on various assignments to deepen their understanding and appreciation of BI. Specials BI topics like Cyber BI and Delay in Start-up (DSU) insurance will also be discussed.

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14 CPD Hours
Mode: Face-to-Face Training
Dates: 8 & 9 September 2025
Time: 9.00 a.m. to 5.00 p.m.

For Whom

Insurance and Reinsurance underwriters; as well as Insurance and Reinsurance Brokers seeking to gain a deeper understanding and “know-how” in handling BI Insurance.
Insurance practitioners wishing to gain a working knowledge of how BI Insurance risks are underwritten
Also suitable for Claims Practitioners seeking to know how BI claims are prepared and adjusted.

Key Learning Objectives

At the end of the programme, participants should be able to:

Explain what BI is and its importance to businesses.
Highlight the main features and terms of the BI Insurance policy form.
Understand how BI Insurance is underwritten.
Know how to carry out BI insurance policy renewals.
Review how BI claims are assessed and settled.

Programme Outline

Need for BI Insurance
Types of BI Cover
Claim Triggers
How is “Income” Affected
The Policy Formula
Indemnity Period
Gross Profit
Other features of the Policy Cover
Dual Basis Payroll Cover
Policy Clauses & Extensions
Preparing a BI Claim
The BI Claims Process
BI Renewal Procedures & Considerations
BI Sum Insured Declared Value Calculation
Special Topic: Gross Profit vs Gross Earnings
Special Topic: Insuring on a Standing Charges Basis Only
Special Topic: Delay in Start-up (DSU) Insurance
Special Topic: Cyber BI Insurance

Programme Leader

Mr. Daniel Tan has 9 years of experience as a forensic accountant specializing in investigating and quantifying business interruption, stock loss and property damage claims across many industries throughout Asia. He has also conducted pre-loss business interruption and cyber risk quantification reviews for both SMEs and MNCs situated throughout the region.

Programme Fee

Full Course Fee: S$827.31 (incl. of 9% GST)

Net Course Fee: S$599.61 (incl. of 9% GST and after 30% FTS funding) for Singapore Citizens below 40 years old and Singapore Permanent Residents

Net Course Fee: S$327.31 (incl. of 9% GST and after 70% FTS funding) for Singapore Citizens aged 40 years old and above

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Last Updated Date:

16/7/25