Insuring Your Business: Legal Expenses and Business Interruption Insurance

• Pecuniary Insurance IF2 chapter 5
• Higher Education (non-degree)

Insuring Your Business: Legal Expenses and Business Interruption Insurance

Learning Objective

At the end of the lesson, you will be able to describe the basic features of legal expenses insurance and business interruption insurance, outline their standard policy cover, and identify optional extensions and limitations.

What do you already know about legal expenses insurance and business interruption insurance?

Slide 1: Introduction

Overview of legal expenses insurance and business interruption insurance.

Slide 2: Legal Expenses Insurance

Definition and purpose of legal expenses insurance.

Slide 3: Basic Features of Legal Expenses Insurance

Key features such as coverage for legal representation, legal advice, and court costs.

Slide 4: Standard Policy Cover of Legal Expenses Insurance

Outline the typical coverage provided by standard legal expenses insurance policies.

Slide 5: Optional Extensions to Legal Expenses Insurance

Explore optional extensions like employment disputes and tax investigations.

Slide 6: Limitations of Legal Expenses Insurance

Highlight limitations such as exclusions and policy conditions.

Slide 7: Business Interruption Insurance

Definition and importance of business interruption insurance.

Slide 8 Basic Features Business Interruption Insurance

Key features such as coverage 

 for loss of income

extra expenses

temporary relocation

staff wages

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Ask 1 question about something you haven't quite understood yet.

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.