Businesses face numerous loss exposures in connection with property that they own or for which they are contractually responsible. These exposures include not only damage to property, but also losses that impact business income. This course provides an overview of commercial property insurance based on ISO forms. It covers coinsurance compliance, selecting insurance limits for direct damage and time element coverage, and identifying major time element loss exposures.

Students who successfully complete this course will be able to:

• identify key commercial property loss exposures and the type of insurance policy that provides coverage for those loss exposures
• understand the elements of a standard commercial property policy and the differences between the three different causes of loss forms
• understand how to provide guidance to a commercial client in selecting limits of insurance and a valuation basis for covered property
• identify the key types of time element loss exposures and which coverage forms and endorsements insure against these loss exposures