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SPECIALIST INTEREST GROUP CONFERENCE BUSINESS INTERRUPTION 29 TH OCTOBER 2007.

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Presentation on theme: "SPECIALIST INTEREST GROUP CONFERENCE BUSINESS INTERRUPTION 29 TH OCTOBER 2007."— Presentation transcript:

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2 SPECIALIST INTEREST GROUP CONFERENCE BUSINESS INTERRUPTION 29 TH OCTOBER 2007

3 BI SIG SIG BI Conference 29 October 2007

4 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

5 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.

6 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.

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

8 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

9 BI SIG - Purpose Comments?


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