Commercial Property Insurance - Introduction - Searchlight Insurance Training

Commercial Property Insurance – Introduction

This is an introduction to principles and practices of commercial property insurance.

It will review aspects, specifically of property insurance cover, terms, conditions and exclusions, together with a consideration of the underwriting procedure.

It is an interactive workshop designed for those new to, or with limited experience of, commercial property insurance.

Level: Introduction

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

WORKSHOP OBJECTIVES

Identify the property risks encountered by commercial organisations

Outline the specific insurance cover available to meet commercial property risks

Appreciate the implication of the terms, conditions, limitations, exclusions and warranties of a typical commercial property insurance policy

Understand the importance of adequate sums insured

Be able to outline the underwriting criteria for commercial property risks

Appreciate the procedures, requirements and processing of commercial property claims

WORKSHOP CONTENT

The risks associated with commercial organisations

The different cover levels available

The main conditions, exclusions and restrictions

The differing methods of calculating the sum insured

The principles of underwriting and assessment of risk

The principles of claims handling

Testing (optional)