Commercial Property
Commercial Property: Five Bombs and How to Defuse Them
Commercial Property policies have gaps in coverage that are writting into them intentionally. Sometimes those gaps in coverage are for exclusions that cannot be insured. Sometimes, those gaps in coverage are created because the way the policy is written and rated, it doesn't anticipate certain losses and often those losses are likely to occur in connection with a property loss.
What's an insured to do about this? That's why Kevin Amrhein is with us. He's going to show us five places where there is a potential coverage issue and how we might help insureds to fix those issues.
Property Insurance Concepts and Terms Part 2
Insurance has a language all its own. Many of us simply smile and nod when we don’t understand a term. Some are ambitious enough to try and remember the terms they didn’t know and look them up later. A few brave souls will actually ask what an unfamiliar term means. We intend to begin to de-mystify the insurance language in this session.
Join us as Academy Director, Patrick Wraight brings the second part of a two-part introduction to these critical insurance concepts and terms.
Protecting Your Buildings, Your Stuff, and Your Money
Insurance is a world all of its own and when you're new to the business, it takes a while to get used to the words we use, the letter and number combinations that we come up with (and people seem to just understand), and all the other stuff that doesn't make much sense.
Join us as we begin a new series of classes designed to help the new insurance person navigate this new world with confidence. In no time, you'll know the differences between a building and personal property coverage form and a builders' risk coverage form. You'll even understand the differences between an open perils policy and a named perils policy and you'll understand why the phrase "all-risks" makes Patrick twitch.
Join us as Academy Director, Patrick Wraight, dives into the world of commercial property policies.
Broke as a Joke in 2024: Commercial Property Edition
The unendorsed commercial property policy leaves a lot to be desired. There are coverage gaps and valuation issues. Join us as Kevin Amrhein helps us to understand how to help insureds not be broke as a joke.
Challenges in New and Old Multi-Unit Housing
Multi-unit housing risks are complicated in part because of the integration of the risks between the landlord or building owner and the residents. Join us as Joe Harrington brings this session to simplify the complicated nature of these risks.
Paying the Bills After the Storm
What's harder on a business? The roof blows off (or burns off) or the lost income for the three months it takes to replace it?
Cash is the life of a business and when there's a property loss, the business often can't operate properly to generate income. That's where Business Income coverage comes in. Join us as Patrick Wraight brings us a session on the basics of Business Income coverage.
Avoiding Underinsurance in Building Property Coverage
When you tell the insured that they have replacement cost coverage on their building, what do they think you mean? They think that means a brand new building in place of the old one if something happens. But is that really what it means? No. Join us as Joe Harrington helps us to understand property valuation, what replacement cost really means, and what can be done to make replacement cost mean what we think it means.
Inland Marine Insurance: Why it Stands Out
Inland marine insurance is a unique line of coverage in that it addresses disparate "classes" of risk, most of them quite different from each other.
This session will review the origins and evolution of inland marine coverage, then describe how it has become one of the most consistently profitable lines of insurance for producers and carriers willing to invest in the expertise required to effectively write coverage and implement loss control in the various classes.
Join us as Joe Harrington helps us to understand one of those lines of business that we deal with, but we don't always get it.
Actual Cash Value: How to Define an Undefined Term
Everyone in insurance knows about actual cash value, right? The term is all over the place and we all think we know what it means, but what does it really mean in practice today? Join us as Crystal Uebelher brings this session and helps us to question what we know and answer the question, what is actual cash value, really?
Calculating Debris Removal and Replacement Cost
In the best of times, determining replacement cost and necessary debris removal expenses is difficult. 2021 has not been the best of years when it comes to supply chain, labor, and other costs associated with rebuilding.
Join us as Joe Harrington helps us to navigate this topic.