SPECIALIST INTEREST GROUP CONFERENCE BUSINESS INTERRUPTION 29 TH OCTOBER 2007.

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Presentation transcript:

SPECIALIST INTEREST GROUP CONFERENCE BUSINESS INTERRUPTION 29 TH OCTOBER 2007

BI SIG SIG BI Conference 29 October 2007

BI SIG - Purpose Represent the views of SIG members Issue guidance notes e.g. flooding Consider questions/issues referred Facilitates networking with illuminii Issue technical notes e.g. depreciation

BI SIG: Consistency Chartered Accountants, Chartered Surveyors, Solicitors, and others have technical guidance notes. Avoidable inconsistency makes us look unprofessional. Guidance notes give a common starting point; they assure that sufficient has been done; they allow flexibility.

BI SIG: Consistency Majority of issues are entirely non- contentious. Guidance notes allow the SIG to advertise its expertise. Demonstrate that the technical basis of the cover in policies is mirrored by common technical approaches in practice.

BI SIG: Technical Guidance Notes Purchases Premises Interest BI/Stock overlap Temporary Accommodation

Developing Guidance Notes SIG members identify an issue Committee register as a work in progress Initial draft produced and circulated Feedback to committee (Forums) Revised draft Approved and posted on website

BI SIG - Purpose Comments?