Ticket to Ride

12-hours of Commercial Property & Casualty Insurance + Flood, and Ethics

$24.00 + your state filing fee
12 Credit Hours

This course favors P&C insurance agents but is applied as general credit for all agents. It fulfills the ethics requirement.

COURSE DIFFICULTY

INTERMEDIATE
This course covers the following topics:
  • This course will discuss some of the most common and valuable types of commercial insurance for businesses.
  • A deep dive into commercial liability and umbrella insurance
  • A look at commercial automobile insurance and the differences between personal and commercial auto policies.
  • A deep dive into commercial liability and umbrella insurance
  • Ethical practices for insurance agents to help insurance agents best serve their clients today, and in the years to come.

Summary

Commercial business entails many different complexities and operations. Having the proper, most effective insurance is of critical importance for those operating within the commercial sector. This course will discuss some of the most common and valuable types of insurance for businesses. The first main section of the course deals with commercial property insurance – one of the key property-casualty insurance policies in use today, since it covers damages to buildings, structures and other property belonging to a business. The next section of the course discusses flood insurance, which many business owners mistakenly feel is unnecessary. Unfortunately, these owners are uneducated about the risk of flood and are potentially setting themselves up for a very costly loss down the road. No business owner wants to believe that employee theft or third-party crime could happen to them, but it is a very real possibility. The third portion of the course covers commercial crime insurance, which is designed to protect businesses from losses due to third party fraud or employee fidelity. The course next moves to commercial automobile insurance, a policy of physical damage and liability coverages for amounts, situations and usages that are not covered by personal auto policies. Understanding the differences between personal and commercial auto policies – and when you need which – is important for business owners and their potential policyholders. The fifth main section of the course shifts focus to liability coverages for business owners. Commercial liability involves circumstances where a business could potentially be sued in the courts for damages done to another business or an individual. Commercial umbrella insurance is the focus of the next section. It differs from other commercial insurance policies because it only applies coverage once the primary policies have been exhausted by claims payments. However, an umbrella policy is significant because it generally provides broader coverage then the primary policy. Concluding this course on commercial property and casualty insurance is a section on ethical practices for insurance agents. While ethics remains a fairly fluid concept, it is of utmost importance to spend time considering it. Insurance agents face difficult ethical questions every day. Finishing the course with a discussion on ethics will help insurance agents best serve their clients today, and in the years to come.

Outline

1. Commercial Property: Introduction to Commercial Property

  • Summary of the Course
  • 1.1 Introduction
  • 1.2 How Commercial Property Insurance Works
  • 1.3 Common Policy Forms
  • 1.4 Declaration Form
  • 1.5 Conditions Form
  • 1.6 Summary
  • Chapter 1 Quiz

2. Commercial Property: Causes of Loss Forms

  • 2.1 Causes of Loss – Basic Form Overview
  • 2.2 Basic Form Exclusions
  • 2.3 Causes of Loss – Broad Form Overview
  • 2.4 Broad Form Additional Coverage?
  • 2.5 Broad Form Exclusions and Limitation
  • 2.6 Causes of Loss – Special Form Overview
  • 2.7 Special Form Exclusions
  • 2.8 Special Form Coverage Extensions
  • 2.9 Summary
  • Chapter 2 Quiz

3. Commercial Property: Commercial Property and Building & Personal Property Coverage Forms

  • 3.1 Commercial Property Coverage Forms Overview
  • 3.2 Building and Personal Property Overview
  • 3.3 Building and Personal Property Policy Specifications
  • 3.4 Building and Personal Property Exclusions
  • 3.5 Business and Personal Property Additional Coverages
  • 3.6 Business and Personal Property Conditions Form
  • 3.7 Optional Coverages
  • 3.8 Building and Personal Property Coverage Extensions
  • 3.9 Summary
  • Chapter 3 Quiz

4. Flood Insurance: Introduction to Flood Insurance

  • 4.1 Why Flood Insurance?
  • 4.2 Facts About Floods
  • 4.3 Federal Disaster Assistance
  • 4.4 Summary
  • Chapter 4 Quiz

5. Flood Insurance: The National Flood Insurance Program (NFIP)

  • 5.1 Overview
  • 5.2 History
  • 5.3 The Beginnings of Private-Sector Flood Insurance
  • 5.4 Definitions
  • 5.5 Information for Buyers
  • 5.6 Summary
  • Chapter 5 Quiz

6. Flood Insurance: Understanding the Risks

  • 6.1 Preferred Risk Policy
  • 6.2 Limitations and Covered Losses
  • 6.3 Deductibles
  • 6.4 Covered Preventive Measures
  • 6.5 Filing a Flood Insurance Claim
  • 6.6 Summary
  • Chapter 6 Quiz

7. Flood Insurance: Flood Hazard Policy Forms

  • 7.1 Types of Flood Hazard Policies
  • 7.2 Agreement and Definitions
  • 7.3 The Coverages
  • 7.4 Exclusions
  • 7.5 Insured’s Responsibilities
  • 7.6 Policy Guidance for Closed Basin Lakes
  • 7.7 Summary
  • Chapter 7 Quiz

8. Commercial Crime: Introduction

  • 8.1 Overview
  • 8.2 Commercial Crime Coverage
  • 8.3 Common Policy Declarations
  • 8.4 The Common Policy Conditions
  • 8.5 Commercial Crime Declarations
  • 8.6 Limit of Insurance and Deductible
  • 8.7 Commercial General Exclusions
  • 8.8 Commercial Crime Conditions
  • 8.9 Commercial Crime Definitions
  • 8.10 Summary
  • Chapter 8 Quiz

9. Commercial Crime: Insuring Agreements

  • 9.1 Basic Insuring Agreements
  • 9.2 Additional Insuring Agreements
  • 9.3 Common Commercial Crime Endorsements
  • 9.4 Commercial Crime Rating
  • 9.5 Summary
  • Chapter 9 Quiz

10. Commercial Automotive Insurance: Introduction

  • 10.1 Overview
  • 10.2 Commercial Auto Insurance and Auto Forms
  • 10.3 Eligible Vehicles
  • 10.4 Summary
  • Chapter 10 Quiz

11. Commercial Automotive Insurance: Business Auto Coverage Form

  • 11.1 Declaration Page
  • 11.2 Liability Coverages and Covered Autos
  • 11.3 Covered Autos Liability Coverage
  • 11.4 Who is an Insured?
  • 11.5 Coverage Extensions-Supplementary Payments
  • 11.6 Out-of-State Extensions
  • 11.7 Exclusions
  • 11.8 Limit of Insurance
  • 11.9 Summary
  • Chapter 11 Quiz

12. Commercial Automotive Insurance: Additional Coverages

  • 12.1 Physical Damage Coverage
  • 12.2 Comprehensive Coverage
  • 12.3 Collision Coverage
  • 12.4 Specified Causes of Loss
  • 12.5 Towing Coverage
  • 12.6 Transportation Expenses
  • 12.7 Physical Damage Exclusions
  • 12.8 Deductible
  • 12.9 Limit of Insurance
  • 12.10 Summary
  • Chapter 12 Quiz

13. Commercial Liability: Introduction

  • 13.1 Overview
  • 13.2 Definitions
  • 13.3 Two Types of Law
  • 13.4 Property Owner Responsibility
  • 13.5 Parties Involved
  • 13.6 Liability Exposures
  • 13.7 Summary
  • Chapter 13 Quiz

14. Commercial Liability: General Liability Policy

  • 14.1 The Declarations Page
  • 14.2 Policy Conditions
  • 14.3 Coverage Forms
  • 14.4 Summary
  • Chapter 14 Quiz

15. Commercial Liability: The Coverages

  • 15.1 Coverage A – Bodily Injury and Property Damage Liability
  • 15.2 Coverage A – Features Applicable to the Claims Made Form Only
  • 15.3 Coverage A – Exclusions
  • 15.4 Coverage B – Personal and Advertising Injury Liability?
  • 15.5 Coverage B – Features Applicable to the Claims Made Form Only
  • 15.6 Coverage B – Exclusions
  • 15.7 Coverage C – Medical Payments
  • 15.8 Coverage C – Exclusions
  • 15.9 Coverage A and B – Supplementary Payments
  • 15.10 Summary
  • Chapter 15 Quiz

16. Commercial Liability: Insured Designation, Limits, and Conditions

  • 16.1 Who is an Insured?
  • 16.2 Insurance Limits
  • 16.3 Conditions of Commercial General Liability Policies
  • 16.4 Extended Reporting Periods – Claims Made Form Only
  • 16.5 Summary
  • Chapter 16 Quiz

17. Commercial Umbrella Insurance: Introduction

  • 17.1 Overview
  • 17.2 The Role of Commercial Umbrella Insurance
  • 17.3 Umbrella Coverage Terminology
  • 17.4 How the Coverage Works
  • 17.5 Underlying Limits and Risks
  • 17.6 Maintaining Underlying Insurance
  • 17.7 Summary
  • Chapter 17 Quiz

18. Commercial Umbrella Insurance: The Structure of an Umbrella Policy

  • 18.1 The Declarations
  • 18.2 Common Policy Conditions
  • 18.3 The Schedule of Underlying Insurance
  • 18.4 The Policy Coverage Form
  • 18.5 The Coverages
  • 18.6 Who is an Insured?
  • 18.7 Limits of Insurance
  • 18.8 Conditions
  • 18.9 Summary
  • Chapter 18 Quiz

19. Ethical Practices: Why Ethics Matter

  • 19.1 Overview
  • 19.2 Values of Ethics
  • 19.3 Components of an Ethical System
  • 19.4 Ethics and Success
  • 19.5 Purpose of a Code of Ethics
  • 19.6 Ethics in the Workplace Statistics
  • 19.7 Hallmarks of an Ethical Culture
  • 19.8 Summary
  • Chapter 19 Quiz

20. Ethical Practices: Understanding Legal Requirements

  • 20.1 Overview
  • 20.2 Legal Regulations
  • 20.3 Unfair Trade Practices
  • 20.4 Six Principles of Insurance
  • 20.5 The Importance of an Agency Relationship
  • 20.6 Mandatory Licensing and Education Training
  • 20.7 Legal Sanctions for Transgressions
  • 20.8 Summary
  • Chapter 20 Quiz

21. Ethical Practices: Internal Benefits - For Employees and the Company

  • 21.1 Overview
  • 21.2 Code of Ethics vs. Code of Conduct
  • 21.3 Prevents Discrimination and Harassment
  • 21.4 Mitigates Employee Conflicts
  • 21.5 Structures Pay and Promotions
  • 21.6 Serves as Point of Reference for Corrective Action
  • 21.7 Demonstrates Corporate Responsibility
  • 21.8 The Fiduciary Relationship Between Agents, Companies and Clients
  • 21.9 Summary
  • Chapter 21 Quiz

22. Ethical Practices: External Benefits | Client Relations

  • 22.1 Overview
  • 22.2 Honesty and Transparency
  • 22.3 Fairness
  • 22.4 Competence
  • 22.5 Confidentiality
  • 22.6 Ethics and Working with the Senior Market
  • 22.7 Respecting Others
  • 22.8 Summary
  • Chapter 22 Quiz

23. Ethical Practices: Writing a Code of Ethics

  • 23.1 Overview
  • 23.2 Benefits of Defining a Business Code of Ethics
  • 23.3 Writing Style and Organization
  • 23.4 Determining Content
  • 23.5 Advice on Developing a Code of Ethics
  • 23.6 Write it Down
  • 23.7 Sample Codes of Ethics
  • 23.8 Summary
  • Chapter 23 Quiz

Final Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.