STANDARD COMPETENCIES:

 

 I.      Identify and describe property loss exposures and liability loss exposures in a given case and analyze them.

 II.     Explain in detail the commercial auto policy and commercial general liability policy including coverages therein.

 III.    Describe and analyze the components of the ISO commercial package policy.

 IV.     Review and explain the risk management process by identifying the six steps and the four noninsurance risk management techniques.

 V.      Review and discern miscellaneous commercial loss exposures including property, Builders Risk Coverage, Business Income Insurance, Commercial Crime, Equipment Breakdown, Inland and Ocean Marine, Businessowners Policies, Farm Policies, Workers Compensation, Commercial General Liability, and Employers Liability.

 VI.     Identify both property and liability loss exposures and understand insurance policies that are available to insure those exposures.

 TOPICAL OUTLINE:

 

 I.      Overview of Commercial Insurance:  Examine loss exposures of business organizations and the risk management techniques employed to remedy the losses.

 II.     Commercial Property Insurance, Part I:  Determine what types of property might or might not be covered under the Building and Personal Property Coverage Form. Explain the purpose of three endorsements.

 III.    Commercial Property Insurance, Part II: Examine various causes-of-loss forms and determine which perils are covered and which perils are excluded or limited by the basic, broad, and special causes-of-loss forms.

 IV.     Business Income Insurance:  Describe the business income loss exposure and apply that knowledge to different case scenarios by analyzing the policy and the facts presented in the case.

 V.      Commercial Crime and Equipment Breakdown Insurance:  Determine whether a given loss would be covered under either the commercial crime or equipment breakdown insurance coverage form(s).

 VI.     Inland and Ocean Marine Insurance:  Examine the inland marine and ocean marine coverages to determine what exposures an organization may cover under either one.

 VII.    Commercial General Liability Insurance, Part I:  Analyze what is covered or what is limited or excluded under Coverages A, B, and C of the CGL coverage form.

 VIII.   Commercial General Liability Insurance, Part II:  Examine the Conditions section of the CGL form as well as understand how the claims-made coverage would apply.

 IX.     Commercial Automobile Insurance:  Detailed analysis of the Business Auto Coverage Form and Garage Coverage form.

 X       Businessowners Policies and Farm Insurance:  Describe what kinds of businesses are eligible for coverage under a businessowners policy(BOP) and examine the types of coverages available under a BOP. Examine the farm policy.

 XI.     Workers Compensation and Employers Liability Insurance:  Examine the Workers Compensation and Employers Liability (WC&EL) policy and what exposures the policy addresses.

 XII.    Miscellaneous Coverages:  Examine additional commercial coverages that include excess and umbrella liability policies, professional liability policies, directors and officers liability insurance, employment practices liability insurance, and employee benefits liability insurance.