The first half of the course is an analysis of the CP policy including the Building and Personal Property Coverage forms, the Insuring Agreement, Covered Causes of Loss forms, Conditions and other coverage forms. Selected endorsements are reviewed.
The second half of the course analyzes the Business Income endorsement and teaches basic concepts of determining the business income loss.
Workshops and coverage scenarios are used to illustrate key points and practical applications. Real-life claims give the coverage assignments a hands-on experience that benefits the confidence of the student to handle commercial property claims. At the conclusion of the course students will be able to read and apply ISO™ commercial property coverages. They will be able to understand a profit and loss statement, determine the necessary documents needed to support a Business Income loss and calculate the payment for limited Business Income losses.