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Jason Reeves to Present LMA Academy Master Class on Business Interruption

September 9, 2014

On September 9, 2014, Jason Reeves, of Zelle Hofmann’s London office, will co-present an LMA Academy master class titled, “Business Interruption: Deductibles and Sublimits.” Joining Reeves for this presentation will be Andrew Schutte of Hill Dickinson LLP, and Joe Aldous of RGL Forensics. The presenters will look at how deductibles and sublimits operate in business interruption (BI) policies and examine the effects this can have across insurance and reinsurance programs. 

A number of key issues will be addressed during the presentation:

  • deductible and sublimit language used in BI policies
  • how the operation of BI deductibles and sublimits can affect (re)insurers’ exposure
  • different perspectives on “stacking” BI cover
  • exhaustion of limits and priority of payments issues
  • time and cash BI deductibles
  • average daily value clauses

The goal of the LMA Academy is to raise the profile of education in the Lloyd's market. This is delivered through a series of modular programs, workshops, master classes and alumni events that support learning and career development. Additional information regarding Lloyd’s Market Association can be found on their website.

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