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PLEASE NOTE - THIS CLASS IS APPROVED FOR PREMIUM DISCOUNTS WITH SWISS RE.  IF YOUR STATE HAS AN ACTION ITEM FOR YOU AFTER COMPLETING THE CLASS, IT WILL BE INCLUDED IN THE HANDOUTS/MATERIALS SECTION!

Commercial Property is one of the largest lines of commercial insurance in the insurance industry. Although commercial property may not grab the headlines like other lines of business, it is the “backbone” of the insurance industry. Property was one of the first types of coverage ever written. •But, the Commercial Property Policy, whether it is ISO’s or any other form, has coverage gaps. Some gaps can be “filled,” and some cannot. Regardless, every insurance professional must know the gaps, how to fill them and why those that can’t be filled, cannot be filled. •Don’t assume that just because it’s “boring old property coverage” that there aren’t major errors & omissions (E&O) issues within this coverage. And not all commercial property E&O claims are the result of improper values, many are caused by the agent’s lack of understanding of the coverages provided. •In this session we focus on the coverage gaps in the ISO Building and Personal Property Coverage Form (CP 00 10) and the Causes of Loss – Special Form (CP 10 30). Along the way we highlight the gaps and introduce the “fixes” for the gaps (where they exist). We also cover the problem with the concept of Replacement Cost and why it is not what we explain to insureds. Course #229196 | 3 OGI | Instructor: Brian Ross