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Commercial Property Insurance – Advanced

Level:Advanced Duration:1 Day CII CPD Hours:6

Using more complex case studies and claims examples, this advanced level commercial property insurance workshop explores key aspects of the property damage policy cover.

This workshop is ideal for brokers who would like to continue developing their property damage skills.

Our commercial property insurance training workshop builds on elements covered in our introductory and intermediate level commercial property insurance courses.

It is also suitable for more experienced brokers looking for a refresher on current property damage underwriting issues.

  • After attending this workshop, delegates will be able to:
    • Discuss favourable and unfavourable features of a risk
    • List criteria applicable in assessing the adequacy of sums insured
    • Fully understand /discuss exclusions and clauses contained within the policy wording
    • Prepare a better standard of risk presentation.
  • Workshop content includes:
    • Underwriting more complex property risks
    • Getting the sum insured right including:
      – When to use indemnity, reinstatement or first loss basis of cover

      • Issues with listed properties,
      • Insuring complex /old machinery and computer systems,
      • Alternative methods of insuring stock, floating covers – multi locations
    • Theft sums insured
    • Inflation protection, is Day 1 cover always the best option?
    • Getting the policy package right
      • Understanding the All Risks Policy cover
      • Being aware of the critical exclusions
      • Extending the basic cover through the use of supplementary clauses
      • Understanding the impact of critical supplementary clauses
    • Underwriting the risk
      • The risk selection process – Surveying the risk
      • What types of risks are likely to be acceptable / avoided?
      • MMC- modern methods of construction – current views on sandwich panels (C.I.P.)
      • Heating and security systems
      • Favourable/unfavourable aspects which may influence acceptance or the final premium
      • Making “unacceptable business” acceptable
    • Getting the presentation right first time
      • Understanding the risk
      • Getting the details right
      • Aspects likely to influence the underwriter
    • Sharing the risks
      • Methods available for sharing the larger or less desirable risks
    • Fire protection
      • Current Fire Regulations
      • Sprinklers.

    Enquire about course availability

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    +44 (0) 1372 361177