Business Interruption & Project Delay Insurance (Incorporating Bi, Alop, Lop & Dsu)

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Introduction

This session will enlighten coverage afforded by such time-related insurance policies and how claims are triggered. Common policy issues relating to delays in projects and operational risks will be addressed.

Various types of incident scenarios will be shared, and application of the policy cover will also be considered.

 

Learning Objective

  • Understand how these policies are arranged and the protection afforded.
  • Learn the underwriters consideration at the time of underwriting the risk.
  • Appreciate the claims handling aspect of this subject matter.

 

Program Duration

1 Day

 

Program Content (9.00am -5.00pm)

  • The need for such “delay” insurance cover for industrial and manufacturing buildings/ plants.
  • how the policies responds and the relevant peril(s).
  • Specific clauses and endorsements that apply
  • Discussion on how such claims are handled.

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