Commercial Property Insurance - Intermediate - Searchlight Insurance Training

Commercial Property Insurance – Intermediate

This workshop will explore, in more depth, commercial property insurance.

The typical commercial property cover, terms, conditions and exclusions will be considered in detail.

It will be an interactive workshop suitable for those who have at least 12 months’ commercial property insurance experience.

Level: Intermediate

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECTIVES

  • Explain in detail the main features of a risk that would influence an underwriter in their assessment
  • Describe the effect that physical features of a risk can have on rating that risk
  • Outline the main causes of fire losses in the UK
  • Detail the typical policy cover provided by commercial property policies
  • Explain risk management features of a risk and explain to a customer what steps they can take to reduce or eliminate the possibility of loss

WORKSHOP CONTENT

  • Reasons why Commercial Property insurance is purchased
  • The factors involved in the assessment of risk
  • The principles and application of underwriting
  • The different cover levels available
  • The main conditions, exclusions, restrictions and extensions
  • The factors involved in the risk management
  • The principles of claims notification, processing and settlement