Commercial Property

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Available
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Instruction Hours 16
Topics Commercial Property
Programs Certified Insurance Counselors Institutes (CIC)
Start Date Dec 03, 2019
End Date Dec 05, 2019
Learning Options Traditional Classroom

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Topics Covered:

  • Commercial Property Coverage Forms & Endorsements
  • Commercial Property Causes of Loss & Endorsements
  • Time Element Coverages & Endorsements

King of Prussia, PA
December 3-5, 2019
7:30 AM Registration
Crowne Plaza King of Prussia
260 Mall Boulevard
King of Prussia, PA 19406
610-265-7500

This event is being conducted by the Insurance Agents & Brokers of PA

Commercial Property Institute

In order to maximize coverage and protect your increasingly complex commercial property accounts, it is important to have a detailed understanding of Commercial Property coverages and endorsements, as well as the concepts used when correctly writing this business. Equally important is a familiarity with other coverages such as Time Element (Business Income), and Equipment Breakdown. At this institute you will learn to help provide your customers with the advice and protection they need.

Topics Covered: Covered:

  • Commercial Property Coverage Forms & Endorsements
  • Commercial Property Causes of Loss & Endorsements
  • Time Element Coverages & Endorsements

Participants will:

  • Examine the property coverage found in the Building and Personal Property Coverage Form including the various Additional Coverages, Coverage Extensions, and Optional Coverages. Discuss valuation methods and the application of coinsurance. Learn the proper use of various endorsements.
  • Examine the common coverage, exclusions, and limitations of the three Causes of Loss Forms (Basic, Broad, and Special) with emphasis on the Special Causes of Loss Form. You will also explore the need for the Legal Liability Coverage Form.
  • Learn the property exclusions that determine when an Equipment Breakdown Policy is needed. Determine the types of equipment to include, and the role of engineering as it relates to these policies.
  • Determine the what, how, and why of Business Income Coverage and Extra Expense coverage. Learn the importance of complying with the coinsurance provision and which Optional Coverages are used to remove or suspend this provision. Examine several valuable Business Income endorsements.
     
Faculty

Faculty Name

Robert Ward

Bio Detail

Bob Ward is a partner of Whitford Insurance Network, Inc., located in Exton, Pennsylvania. He started his insurance career in 1981 as a claims adjuster for General Accident in Philadelphia, Pennsylvania, and in 1982 joined INA as an underwriter in Wilmington, Delaware. In 1983 he moved to the F.J. Ward Agency in Coatesville, Pennsylvania as an independent agent. In 1990, Bob formed the R.A. Ward Agency of Coatesville, Pennsylvania, and in 1993 he merged that agency with the Whitford Agency of Exton, Pennsylvania to form Whitford Insurance. In 2002, Whitford Insurance network became a member of Keystone Insurers Group. Bob earned his CIC designation in 1985, his CPIA in 1989, and his CWCA in 2009. He has been speaking at CIC seminars since 1995 and is currently a member of the Alliance's National CIC Faculty. Bob has also been active with PIA of PA, MD, and DE, serving on the board in 1995-1996, as well as various company advisory councils.

Faculty Name

Kevin Amrhein

Bio Detail

Kevin Amrhein is the president of the Florida Insurance School - Continuing Education, Inc. He is a graduate of the University of Central Florida. He began his insurance career as a marketing intern before serving as a commercial lines agent for an independent agency in Orlando, Florida. He received the CIC designation in 2003. Kevin is a National Faculty member for The National Alliance for Insurance Education & Research's Certified Insurance Counselor (CIC) and Certified Insurance Service Representative (CISR) programs. As a former industry journalist, he has authored hundreds of original articles for industry publications and web sites. Kevin has appeared as a coverage expert on television and in cyberspace.