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Business Interruption Masterclass Series:
Delay in Start-up Insurance
02 July 2019
Event: 09.30 - 11.00
Venue: LMA Presentation Room, Gallery 4, Suite 426, Lloyd's, London EC3M 7DQ
Underwriting and claims staff with an interest in engineering, energy and property insurance/reinsurance, wordings specialists and in-house counsel.
This masterclass will give an overview of delay in start-up (DSU)/advance loss of profits (ALOP) insurance, both from an underwriting and a claims perspective, with a focus on those aspects that can cause difficulties.
The session will:
- deconstruct how DSU/ALOP policies work, in theory and in practice
- look at the specific accounting questions that arise on DSU claims
- examine the key underwriting and wordings issues for insurers
- explore the ways in which DSU/ALOP policies can cause problems, particularly when it comes to claims.
This masterclass qualifies for 1.5 CII CPD hours.