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OVERVIEW AND TOPICS


In this session insurance professionals will examine coverages in current ISO personal and commercial lines policies that could have a significant impact on their clients. They will take an in-depth look at how the ISO Personal Auto, Homeowners, Business Auto, Commercial General Liability, Building & Personal Property Coverage, Cyber, Employment Practices Liability, and Excess/Umbrella policies address complex and confusing exposures, such as: using a personal vehicle for business, furnished company car, who is an insured, watercraft, recreational vehicles, loss assessment, business websites, biometrics, tenant’s improvements and betterments, step-down auto liability limits, maintaining underlying limits, insurable interest, and representations/warranties, etc. They will discuss the exposures, whether or not the personal and/or commercial insurance policies provide adequate coverage, endorsements, and other methods that may be needed to tailor coverages to meet their client’s needs.
Certificates of insurance and the related issue of additional insureds are often sources of confusion and E&O claims for the insurance professional. In this session, insurance professionals will discuss additional insureds in-depth – types of insureds, how they work, how coverage is limited, and common problems that can arise. They will gain a better understanding of how the named insured status relates to commercial general liability, business auto, and property insurance. For each policy type, they will discuss why an additional endorsement may be needed and the impact on the coverage. They will learn the importance of a certificate of insurance and how to use it properly. Using specific ACORD certificate of insurance forms (ACORD 24, 25, 23, 27, and 28), they will examine the purpose of the certificate, critical things to consider before issuing a certificate, how to properly use certificates of insurance, and identify ways to avoid some of the common problems and errors.
In this 4-hour session, insurance professionals will learn the key coverage features in the ISO Commercial General Liability (CGL) policy that are most important for their contracting clients. They will discuss the Bodily Injury and Property Damage Liability Insuring agreement and the exclusions most important to contractors. They will explore various ways that insurers can modify, enhance, and/or restrict coverage with the use of endorsements.
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.

COURSE DETAILS


DURATION
16 Hours

PRICE
$450

FORMAT
Webinar

CE CREDIT
Varies by State

INSTRUCTION LEVEL
Master

FINAL EXAM
No Exam

FACULTY BIO


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