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 Jan 29, 2020
End Date Jan 31, 2020
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

Glen Allen, VA
January 29-31, 2020
7:30 AM Registration
VA Crossings Hotel & Conference Ctr.
1000 Virginia Center Parkway
Glen Allen, VA 23059
888-444-6553

This event is being conducted by the PIA of Virginia & District of Columbia

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

John Chapman

Bio Detail

Chappy Chapman is Chief Growth Officer of Correll Insurance Group, a privately-held independent insurance agency with 21 offices throughout South Carolina and North Carolina. He also serves as Agency Manager of the Spartanburg Office and Senior Account Executive with Coastal Plains Insurance in Hilton Head, part of the Correll Insurance Group. Prior to joining Correll, Chappy was an account executive with Riley & Associates, an independent insurance agency that has been in operation in the Charleston area since 1936. Before joining Riley & Associates, for six years, Chappy served as General Manager of White Insurance Group, an independent insurance agency with offices in Black Mountain and Arden, North Carolina. He began his insurance career in 1974, after graduating with a Bachelor of Science degree in Finance from the University of South Carolina. The majority of Chappy's experience has been in the Independent Agency System; however, he has spent time on the company side as Marketing Manager of Old Charleston Insurance Company and Branch Manager of Medical Mutual Insurance Company of North Carolina. Additionally, Chappy has served as Director of Education for the Independent Insurance Agents of South Carolina. He is a member of The National Alliance National Faculty and is an Ed Consultant of the Society of Certified Insurance Counselors. He earned his Certified Insurance Counselor (CIC) designation in 1980 and he has also earned his Chartered Property Casualty Underwriter (CPCU) designation.

Faculty Name

Catherine Trischan

Bio Detail

Cathy Trischan has been with the E&K Insurance Group in Eatontown, New Jersey since 1996, and currently serves as Director of Commercial Underwriting. She began her insurance career upon graduation from Rutgers University in 1987. She has worked as a claims adjuster for a major property and casualty carrier as well as in the commercial departments of several large, New Jersey agencies. In addition to her work with E&K, Cathy provides education and consulting services to other agents and brokers. She is a National Faculty member of The National Alliance, speaking in both the CIC and CISR programs. She is a regular presenter for the Professional Insurance Agents (PIA) and other organizations and has taught both pre-licensing and continuing education courses. Cathy has written courses and articles on various insurance topics. A firm believer that one should never stop learning, Cathy holds several professional designations including CIC, CRM and CPCU. She earned her CIC designation in 1993 and her CRM designation in 2004.