Business Income

The course analyzes the Business Income coverage forms and teaches basic concepts of determining the Business Income loss. In addition to policy review, topics include basic accounting terms and principles and a review of a profit and loss statement and other related documents.

Students will receive an introduction to calculating small business income and extra expense losses.

Workshops and coverage scenarios are used to illustrate key points and provide an opportunity for practical application of the concepts learned in class. Real-life claims give the coverage assignments a hands-on experience that benefits the confidence of the student to handle Business Income losses.

At the conclusion of the course, students will be able to read and apply ISO™ Business Income coverage forms and endorsements. They will be able to understand a profit and loss statement, determine the necessary documents needed to support a Business Income loss, and calculate the payment for limited Business Income losses.