Gross Profit - are we still all getting it wrong?

The Old Library, Lloyd's
Wednesday, 24 May 2017
1:15 pm – 2:00 pm
    • Damian Glynn, Director, Head of Financial Risks, Vericlaim UK
    • Steven Nock, M&CL Director, Head of CFAS, Crawford & Co.
  • Property/LBIA webinar

In this IIL joint property/LBIA lecture Damian and Steven presented the results of the latest (fourth) CILA survey with regards to the adequacy of BI cover, and refreshed relevant recommendations in the BI report published by CILA/IIL/CII in October 2012.

Whilst the BI 2012 report provided recommendations to address ongoing problems, the degree to which wordings have changed has been limited. This lecture looked at the problems caused by the difference definitions of Gross Profits and purchases.

By the end of this lecture members:

  • Will be in possession of the summarized points from the most recent BI survey
  • Be re-energised to revisit the 2012 BI report

Speakers Bios:
Damian Glynn is a published author, regular speaker and expert witness on BI issues in the UK and abroad.

Steven Nock is the head of BI for Crawford, and an expert witness and trainer on Business Interruption matters.

Paul Isaac, Partner, Matson Driscoll & Damico UK LLP, Forensic Accountants.

  • The Old Library, Lloyd's
  • One Lime Street
  • London
  • EC3M 7HA
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Registration & Security

IIL lectures are open to CII and PFS members
CII and PFS members must register online by 12pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport


  • Email confirmations and photo ID must be produced to security staff at the lecture venue
  • Attendance confirmations are non-transferable to any other person or lecture
  • All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

Please let us know what we can do to make our events fully accessible to you.

Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at