Understanding Commercial Property Insurance

A Closer Look at One of the Most Common Business Insurance Plans

$8.00 + your state filing fee
4 Credit Hours

This course favors P&C insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • A detailed look at the various components that make up a commercial property policy
  • Examine the different forms in commercial property policy

Summary

For most businesses, physical property is one of the most important assets. That is why the commercial property policy is one of the key property-casualty insurance policies in use today. Commercial property insurance protects commercial property from such perils as fire, theft or natural disaster. It covers damages to buildings, structures and other property belonging to a business. A variety of businesses – from manufacturers to non-profit organizations – carry commercial property insurance. This course will provide a detailed look at the various components that make up a commercial property policy.

Outline

1. Commercial Property

  • 1.1 Introduction and Purpose of the Course

2. Common Policy Forms

  • 2.1 Declaration Form
  • 2.2 Conditions Form
  • 2.3 Summary
  • Chapter 2 Quiz

3. Causes of Loss Forms

  • 3.1 Causes of Loss – Basic Form Overview
  • 3.2 Basic Form Exclusions
  • 3.3 Causes of Loss – Broad Form Overview
  • 3.4 Broad Form Additional Coverage
  • 3.5 Broad Form Exclusions
  • 3.6 Causes of Loss – Special Form Overview
  • 3.7 Special Form Exclusions
  • 3.8 Special Form Coverage Extensions
  • 3.9 Summary
  • Chapter 3 Quiz

4. Earthquake Coverage

  • 4.1 Overview
  • 4.2 Exclusions
  • 4.3 Limitations
  • 4.4 Deductibles
  • 4.5 Summary
  • Chapter 4 Quiz

5. Commercial Property and Building & Personal Property Coverage Forms

  • 5.1 Commercial Property Coverage Forms Overview
  • 5.2 Building and Personal Property Overview
  • 5.3 Building and Personal Property Policy Specifications
  • 5.4 Building and Personal Property Exclusions
  • 5.5 Building and Personal Property Additional Coverages
  • 5.6 Building and Personal Property Conditions Form
  • 5.7 Optional Coverages
  • 5.8 Building and Personal Property Coverage Extensions
  • 5.9 Summary
  • Chapter 5 Quiz

6. Other Coverage Forms

  • 6.1 Builder’s Risk
  • 6.2 Commercial Condominium Coverage Form
  • 6.3 Condominium Unit Owner Coverage
  • 6.4 Condominium Association Coverage Form
  • 6.5 Business Income Coverage Forms
  • 6.6 Additional and Optional Coverages
  • 6.7 Other Coverage Forms
  • 6.8 Summary
  • Chapter 6 Quiz

7. Conclusion

  • 7.1 Conclusion

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.