OVERVIEW AND TOPICS


Participants will examine the business income exposure including coverage triggers, coinsurance, and optional coverages. They will better understand the loss exposure analysis process, documentation, and calculations required to fulfill contractual requirements and to receive adequate and timely compensation for a covered loss.
In today’s business environment, technology errors and omissions insurance is essential. The integral role technology plays in many large businesses means the damages caused by malfunction can be extremely costly. Technology Errors and Omissions insurance coverage is not provided by a Commercial General Liability policy. In this session, you will examine the types of technology product defects, the types of technology products liability lawsuits, and the types of economic recovery from these suits, the types of product liability defenses, and the underwriting risks. Discussion includes the various technology errors and omissions coverage options available to address these unique exposures.
Replacement Cost, Actual Cash Value (ACV), Market Value, Selling Price, Ordinance or Law, Depreciation, and Functional Replacement Cost are terms/phrases used in commercial property policies to describe methods of calculating property values at the time of underwriting and loss. In this 4-hour session, agents will learn what these terms/phrases mean and explore property valuation issues. They will discuss valuation problems with buildings, equipment, and inventory. They will review policy language and discuss the major valuation changes in the most recent Commercial Property filing. They will examine the alternative valuation options to change valuation to meet the client’s expectations. They will learn the proper way to handle reporting form issues.
The individuals and entities who are afforded protection under a commercial liability policy can be divided into three groups – Insured, Additional Insured, or Named Insured. The decision of whom to name on the policies declaration page is one of the most significant factors that determine the extent of protection for each insured. In this session, participants will discover factors that can influence the named insured description. They will analyze automatic insureds and learn the primary reasons for adding additional insureds, as well as the advantages and disadvantages. They will focus on named insured as it relates to Commercial General Liability, Business Auto, and Commercial Property. They will discuss potential problems along with possible solutions for coverage gaps.

COURSE DETAILS


DURATION
16 Hours

PRICE
$450

FORMAT
Classroom

CE CREDIT
Varies by State

INSTRUCTION LEVEL
Master

FINAL EXAM
No Exam

EVENT LOCATION


LINQ Hotel & Casino

3535 Las Vegas Blvd. South
Las Vegas, NV
89109

800-634-6441

FACULTY BIO


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