Business Interruption Essentials
This fundamental coverage is often misunderstood. This course will begin with a review of the basics. Then we will review the two primary coverage forms used in Canada.
One Hour CE Approved
British Columbia Saskatchewan Manitoba
Business Interruption Basics
Learn the foundations of Business Interruption Insurance, including indirect loss, covered property damage triggers, restoration periods, BI limits, mitigation duties, and why brokers must address income exposure before a major loss.
Gross Earnings Form
Learn how the Gross Earnings Business Interruption form works, including its rigid earnings definition, coinsurance requirement, forward-looking limit analysis, restoration period, resumption duties, and ordinary payroll issues.
Profits Form
Learn how the Business Interruption Profits Form works, including net profit, standing charges, the average clause, ordinary payroll, indemnity periods, due diligence, building code delays, and broker placement decisions.
About the course
Business Interruption insurance protects a client's income—not just their property. In this course, you'll learn the principles of Business Interruption coverage, compare the Gross Earnings and Profits Forms, and understand how each responds following a covered property loss. You'll explore the Period of Restoration, extended indemnity, coinsurance, standing charges, payroll treatment, and the importance of selecting limits that reflect real business operations. Using practical Canadian commercial insurance examples, you'll discover why the Gross Earnings Form and Profits Form produce different claim outcomes, how business trends and future growth affect limit calculations, and why thoughtful broker guidance is essential when recommending Business Interruption coverage. You'll leave with practical strategies to help clients protect their income, maintain operations after a major loss, and avoid costly underinsurance.
Meet Your Instructor
For more than four decades, Todd Hochban has worked with Canadian insurance brokers, helping them better understand property and casualty insurance through practical, real-world education. As a seasoned educator, industry speaker, and course developer, he has trained thousands of brokers across Canada, translating complex insurance concepts into clear, actionable learning. Every BrokerBytes course is designed with one goal in mind: to provide practical knowledge that brokers can immediately apply in conversations with clients, underwriting submissions, and claims situations. Rather than focusing on theory alone, these lessons emphasize the issues brokers encounter every day. Whether you're new to the industry or building on years of experience, BrokerBytes delivers concise, focused learning designed for today's busy insurance professional.