In this IIL claims webinar, Damian Glynn and Toby Rogers, the co-editors of the 11th edition of Riley on Business Interruption Insurance, give an overview of the book’s new features and how it has been updated.

Description

Working collaboratively and with the support of many expert contributors, Damian and Toby have produced an edition with the following key features:

• Extensive remodelling of chapters and content to make content more accessible
• Business Interruption extensions are brought together in one chapter, discussed in more detail and addressed in alphabetical order
• New legal chapter addressing the Insurance Act 2015, damages for late payment, the 2021 FCA Test case and the implications of this for causation under BI policies
• Expanded consideration of cyber threats and cover available
• Inclusion of discussion of parametric and pandemic/epidemic cover
• Updated discussion of all areas, including Riot Damages and Terrorism

The speakers also identify COVID specific content – including furlough savings – as well as reflecting the fact that the future is bigger than COVID, and in fact, some historic unresolved problems (such as the prevalence of 12-month maximum indemnity periods and the use of the term ‘Gross Profit’) still need to be addressed.

Learning objectives

• Risk engineering: lessons learnt from the pandemic and any ongoing challenges
• Innovation in property risk engineering services
• What can corporate clients expect from their risk engineering and risk management services from now on?

Speakers

• Damian Glynn BA (Hons) FCA FCILA, Director, Head of Financial Risks, Sedgwick International UK
• Toby Rogers, Partner, Clyde & Co LLP