OVERVIEW AND TOPICS


Participants will analyze significant issues encountered when writing commercial and residential condominium coverage. This 4-hour session begins with an overview of the Champlain Towers South collapse in Surfside, Florida – the facts, the potential causes, the demolition/debris removal/cleanup, the insurance claims, and who is responsible for insurance coverage. Agents will focus on the agreement (bylaws) and the exposure it creates for the association, Board members, and unit owners. Using real-life case scenarios, they will identify the best insurance methods to protect those individuals. They will review coverage and exclusions provided in D&O policies and the latest edition of the ISO Homeowners policies. They will examine the differences between the HO 00 06 (Homeowners 6 – Unit-Owners Form) and HO 00 03 (Homeowners 3 – Special Form). They will discuss ways to close coverage gaps and examine possible solutions to better serve their clients.
Participants will learn about significant coverage changes in the latest multistate revision of the ISO Commercial General Liability Coverage Form and discuss how these changes impact their insureds. They will learn how specific endorsements can amend policy provisions, add coverage, increase or decrease coverage limits, or restrict coverage.
Participants will learn the primary objectives for adding additional insureds, including the problems and how to minimize negative impacts. They will focus on the named insured, automatic insureds, and the additional insureds from the perspective of coverage provided by the Commercial General Liability and Umbrella/Excess Liability Policies.
Using case law interpretation of liability policies, participants will examine hidden coverages in both personal and commercial lines policies. They will understand who is insured under the PAP, employer’s liability and the CGL, host liquor liability and the CGL, auto coverage under the Homeowners and CGL, contractor’s liability coverage, and more. They will examine endorsements that should be considered to enhance coverage.

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


Caesars Atlantic City

2100 Pacific Avenue
Atlantic City, NJ
08401

609-348-4411

FACULTY BIO


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