Sitting with Sue - insurance questions answered
Sitting with Sue insurance questions answered - listen and learn from an insurance industry professional with a breadth and depth of knowledge as she chats to her amazing set of contacts. Sue is bringing her depth of knowledge gained in over 45 years in the insurance industry gleaned as an underwriter, broker and claims consultant. Sue introduces you to her wide network of contacts across all aspects of the industry discussing a wide variety of topics. Whether discussing the technical aspects of Business Interruption Insurance or Catastrophic Injury Claims. or exploring a subject close to her heart which is mentoring. Sue is a trainer of insurance personnel in particular those taking their CILA exams and is an insurance broking expert witness. She therefore understands the need for insurance from the time of inception, through the claim process and then what can go wrong and result in litigation.
Sue is also a well established author having contributed to numerous industry text books and is a prolific public speaker not only on the technical aspects of insurance but also in relation to her experiences on having been a leading light in respect of inclusion and diversity in The City.
She has developed a suite of podcasts to help students of CILA Certificate and Diploma Exams
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Sitting with Sue - insurance questions answered
Why Indemnity Periods of 12 months are rarely adequate
Understanding the Complexities of Business Interruption Insurance when considering the adequacy of Indemnity Periods with Rob Ford
In this episode of the Sitting With Sue Insurance: Questions Answered
podcast, Sue Taylor speaks with Rob Ford, a Business Interruption
Specialist from Sedgwick. They discuss the limitations of the 12-
month maximum indemnity period for business interruption (BI) insurance
and delve into the various stages and external factors that can affect the
timeline and efficacy of BI claims. Key takeaways include the importance of
a robust business continuity plan, understanding all phases from post-
incident to post-reinstatement, and the critical need for extended indemnity
periods. Rob also provides insights to help businesses better prepare for
and manage BI claims.
00:00 Introduction to Business Interruption Insurance
00:56 Meet Rob Ford: Career and Interests
01:46 Understanding the Four Stages of Business Interruption
02:21 Stage 1: Immediate Post-Incident
05:36 Stage 2: Pre-Reinstatement Considerations
09:24 Stage 3: During Reinstatement
13:31 Stage 4: Post-Reinstatement Challenges
16:28 Summary and Key Takeaways
18:23 Final Thoughts and Contact Information
For a copy of the Graphic referred to in the episode contact Rob
Contact details for Rob are: Robert Ford FCA ACILA MAAT
Executive MCL Adjuster – Financial Lines Sedgwick International UK. Email robert.ford@uk.sedgwick.com
Visit my website at www.suetaylor.co.uk
