Subjects:

Insurance Law

Contents:

1.Measurement of loss of future earnings:the basis of business interruption insurance

2.The framework of the cover: policy forms used in the United Kingdom

3.The framework of the cover: policy forms used in the United States

4.Operation of the cover: United Kingdom basis

5.Operation of the cover: United States basis

6.Worldwide practices and procedures

7.Gross profit, gross earnings or business income: specifications and definitions:United Kingdom

8.Gross profit, gross earnings or business income: specifications and definitions:United States

9.Standing charges and variable expenses: United Kingdom and United States

10.Insurance of payroll cost: United Kingdom and United States

11. Calculating the amount to be insured: United Kingdom and United States

12.Risk management-analysjs,treatment and financing (insurance)

13.Special forms of insurance: separate items or policies

14, Perils (United Kingdom) or causes of loss (United States)

15.Engineering business interruption insurance: United Kingdom

16.Boiler and machinery coverage: United States

17.Dependence on other businesses and premises: United Kingdom and United States

18.Miscellaneous clauses and covers

19. Claims settlements: basic procedures

20.Claim settlements: other considerations

Appendices

A. Standard United Kingdom Fire Policy Form (Business Interruption)

B.Standard United Kingdom All Risks Policy Form (Business Interruption)

C.United Kingdom Business Interruption (Difference Basis) Specification: Gross Profit Wording: Sum Insured Basis

D.United Kingdom Business Interruption (Difference Basis) Specification: Gross Profit Wording: Declaration: Linked Basis

E.United Kingdom Business Interruption (Additions Basis) Specification: Gross Profit Wording: Sum Insured Basis

F.United Kingdom Business Interruption Specification: Gross Revenue Wording: Sum Insured Basis

G.United Kingdom Business Interruption Specification: to Insure Trading Profit (Example)

H.United Kingdom Business Interruption Specification: Item Insuring Wages under the Dual Basis Scheme

I.United Kingdom Business Interruption Specification: Item Insuring Notice Wages on the Pro Rata Basis

J.United Kingdom Business Interruption Specification: for Advance Profits (Example)

K.United Kingdom Business Interruption Specification: for the Insurance of Loss of Book Debts (Example)

L.United Kingdom Business Interruption Specification: for the Insurance of Research Expenditure

M.United Kingdom Engineering Business Interruption Policy (Example)

N.United Kingdom Engineering Business Interruption Specification

0.United Kingdom Business Interruption Extension Wording for Notifiable Disease, etc.

P.United Kingdom Business Interruption Specification: to Insure Loss of Interest (Example)

Q.United States Business Interruption Insurance of Gross Earnings for Mercantile and Non Manufacturing Businesses

R.United States Business Interruption Insurance of Gross Earnings for Manufacturing and Mining Businesses

S.United States Business Income Coverage Form (and Extra Expense) Causes of Loss (Basic Form) and Commercial Property Conditions

T.United States Business Income Coverage Form (without Extra Expense)

U.Specimen Settlement of a Simple Loss Claim under a United Kingdom Business Interruption Policy

V.Reduction in Turnover: Effect on Accounts (United Kingdom)

W.Illustration of Settlement of a Claim under a United Kingdom Business Interruption Policy with Wages Insure

X.Specimen Settlement of a More Complicated Loss Claim under a United Kindom Business Interruption Policy

Y.Illustration of a Claim Settlement under a United Kingdom Business Interruption Specification including a Departmental Clause

Z.Simplified Specimin Claim Settlement under a United States Business Income (and Extra Expense) Coverage

This complete reference work presents a comprehensive and practical examination of business interruption and consequential loss insurance and claims, with the emphasis on practice and procedure. The book examines several types of cover, and gives detailed guidance on over 200 charges in company accounts. It also considers more than 30 other perils and contingencies besides fire, including labour disturbances, strikes and riots.

• Comparative UK-US commentary makes it invaluable to international players in the field
  
• Can be picked up and used by lawyers worldwide where, for instance, insurance claims are processed
  
• Focuses on the wordings of policies in the UK and US but also looks at Asia, Africa, the Americas and Australasia
  
• Quick, accessible reference guide supplying practical answers to practical problems