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How Business Interruption Coverage Can Help in Times of Need

Business Continuity planning is the process of identifying how to be prepared to respond when a disaster occurs.  However, the best-identified plan could still result in an impact on the organization’s profitability and on the jobs of the employees that the business depends on.

Business interruption coverage is one of the most important coverages you can consider as part of an overall insurance program.  It should be carefully reviewed to determine it meets your specific needs and business objectives.  If properly identified and considered, it can mean the difference between a business re-opening its doors or having to close because it ran out of money.

Learning Objectives:

  • Identify what business interruption coverage pays.
  • What choices must you make before you the coverage would be needed.
  • How is the coverage activated within your overall insurance program.
  • What penalties are incurred if care is not taken to select the proper limits.
  • What is an extra expense and how can you use it after a loss.
  • Other considerations within the coverage can impact your payment after a loss.

Register Here

Details

Date:
Wednesday, May 12
Time:
9:00 am - 10:00 am

About the Speaker

  • Matthew Maurer

    Senior Account Executive, Property & Casualty

    Matt is a Senior Account Executive in AIA, Alera Group’s Property & Casualty division. He works with business owners and executives to support their organizations by analyzing risks inherent to their operations and making recommendations on how to address those findings. Matt has worked with a variety of industries and enjoys the process of understanding a business’s unique operations and values. He translates what he learns from his clients into solutions that create confidence in their insurance programs. Matt believes the advice he provides is critical to a business’s viability, saving them from significant financial loss when something unplanned happens. In a coordinated effort with his clients, he provides the guidance needed to select the best solutions available to support long-term success. Matt has his Certified Insurance Counselor designation, received the Insurance Alliance Network’s Producer of the Year Award in 2015, and The PMA Insurance Company’s Horizon Award Winner in 2009.  Matt holds a Bachelor’s Degree in Finance from West Chester University.