OVERVIEW AND TOPICS


Participants will be able to differentiate between the types of Excess Liability Policies – Follow form excess, stand-alone excess, and commercial umbrella. They will compare policy provisions between policy forms from different companies. Agents will gain additional knowledge regarding what to look for when comparing company-specific Excess Liability Policy forms.
In this session, participants will examine losses that are uninsured as a result of coverage being left out or incorrectly written. This will include commercial property, business income, flood, and other property insurance coverages. Participants will review property claims dealing with property valuation, correct use of forms, ordinance or law, spoilage coverage, equipment breakdown, and more. They will identify business income issues related to civil authority, extra expense, utility services, and dependent properties. They will compare private flood insurance versus the NFIP.
Insurance professionals will review the regulation of the insurance industry including jurisdiction of duties and responsibilities and licensing requirements. They will examine the licensing laws that affect their agency. They will discuss everything from who can be an agent in charge and what are the statutorily defined duties to what are the penalties for not properly licensing their agency. They will identify current legislative issues. They will learn the professional, legal, and ethical responsibilities in dealing with the day-to-day realities of the complex, ethical issues of the insurance industry along with the regulatory and ethical guidelines for Florida-licensed insurance professionals. The session will conclude with a review of current agency, agent, and adjuster violations and recent examples of enforcement actions.
Agents will discuss how to insure building projects using Builders Risk Coverage forms. They will identify some of the pitfalls to using Commercial Property policies to cover construction and renovation projects. They will review key features to look for in a Builders Risk Policy and discuss how to examine important conditions and exclusions related to coverage. They will learn how to use the Installation Floater to meet the needs of trade contractors involved in building projects.
Agents will examine some of the endorsements that can severely restrict coverage under the Commercial General Liability (CGL) Policy. They will review several ISO endorsements and see examples of non-standard endorsements often used by insurers. In each case, they will discuss the effect that the endorsement has on the coverage that would otherwise have been afforded by the CGL Policy.

COURSE DETAILS


DURATION
16 Hours

PRICE
Contact for Details

FORMAT
Classroom

CE CREDIT
Varies by State

INSTRUCTION LEVEL
Master

FINAL EXAM
No Exam

EVENT LOCATION


Hilton Marco Island Beach Resort

560 South Collier Blvd.
Marco Island, FL
34145

239-394-5000

FACULTY BIO


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