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Essentials of Commercial Property Insurance -- Basic Concepts
Essentials of Commercial Property Insurance -- Basic Concepts
Non-Member Price $410.00
Member Price: $370.00

Product Code: ECPBCMC62320

Credit Notes
Approved for 12 Producer CE credits in Massachusetts

Marc Cleary, CPCU

Class Dates
Meets Tuesday & Wednesday, June 23 & 24, 2020
9:00 AM-4:00 PM

The Insurance Library
Course Description

This program is appropriate for experienced agency and company personnel as well as for people with little experience who are motivated and eager to learn about commercial property insurance. The instructor takes a practical approach to property loss exposures and the applicable insurance coverage with a detailed exploration of the ISO Building and Personal Coverage Form and Causes of Loss Forms. These forms are the foundation of commercial property insurance

The program will begin with a description of common property loss exposures and continues with detailed policy language providing insurance coverage for buildings and personal property.Commercial Property Coverage and Forms will be scrutinized with particular attention paid to coverage contract design and policy structure

The instructor will examine the property insuring agreements and exclusions including: what property is covered, not covered and limited as well has how coverage is added and extended by the insuring agreement and exceptions to its exclusions. The discussion continues with a detailed examination of covered causes of loss and how the Commercial Property Policy applies policy limits and deductibles.

In concluding the seminar recommends approaches to determine how much coverage to purchase considering various valuation options such as Actual Cash Value, Replacement Cost, Agreed Value, Inflation Guard and other techniques. The instructor will discuss the advantage of blanket insurance, reporting forms and pertinent subjects such as co-insurance

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