MSM Loss Management has implemented training programs for brokers to demystify Business Interruption.

Topics include setting Sums Insured, reading and interpreting Financial Statements and understanding the difference between accounting Gross Profit and Gross Profit for insurance purposes.

Our experience has shown that 70% of Business Interruption policies do not respond adequately to provide full indemnity and that policy deficiencies are frequently due to lack of understanding of these Business Interruption related issues.

Another complex area is Dual Basis Payroll.  MSM have a course to enlighten brokers on that aspect of Business Interruption policies.

This is the fifth year these courses have been presented for NIBA brokers.  The courses will also now be run in a number of regional centres throughout Australia.

We welcome an opportunity to conduct training courses for your office, no matter how big or small. For information on course locations and times, contact MSM on 1300 76 67 67.