STANDARD COMPETENCIES:

 

 I.      Explain the risk management process as it relates to property loss exposures.

 II.     Explain fire hazards relating to heat sources, fuels, and oxygen.

 III.    Describe measures for preventing or reducing losses cause by fire, sprinkler leakage, theft in various forms, explosion, windstorm, flood, and earth movement.

 IV.     Identify the property covered, and not covered, by the Building and Personal Property (BPP) Coverage Form.

 V.      Describe the additional coverages and extensions of the BPP.

 VI.     Recommend appropriate BPP coverage options for insuring a particular organization¿s loss exposures.

 VII.    Explain what is covered and what is limited or excluded by each of the commercial property causes-of-loss forms.

 VIII.   Compare the various causes-of-loss forms and recommend which form and related endorsements might be appropriate for insuring a described organization.

 IX.     Explain the considerations involved in insuring condominiums, cooperative corporations, and planned unit developments.

 X       List and explain the principal features of the National Flood Insurance Program (NFIP) and the NFIP policies used to insure commercial buildings and contents.

 XI.     Explain the provisions of the Insurance Service Organization (ISO) endorsements for insuring flood and earthquake losses.

 XII.    Describe the factors that influence the severity of a business income or extra expense loss.

 XIII.   Describe the information needed to complete the business income worksheet, and summarize the calculations made in the worksheet.

 XIV.    Explain the operation of the Business Income Coverage (BIC) form.

 XV.     Recommend appropriate forms, coverage options, and endorsements for insuring the business income loss exposures of a described organization.

 XVI.    Identify loss exposures that are generally eligible for inland marine insurance.

 XVII.   Identify methods for controlling loss to property in transit.

 XVIII.  Identify the perils and property covered by each of the basic insuring agreements of the ISO commercial crime coverage forms.

 XIX.    Explain the conditions of the ISO commercial crime coverage forms.

 XX      Describe the various types of equipment whose breakdown can be covered by equipment breakdown insurance and explain why this insurance may be appropriate for almost any type of organization regardless of its size.

 XXI.    Explain whether the ISO businessowners program is appropriate for a described organization, and, if so, recommend optional businessowners coverages to meet the organization¿s particular insurance needs.

 XXII.   Describe the general characteristics of surety bonds.

 TOPICAL OUTLINE:

 

 I.      Property Risk Management

 II.     Property Risk Control

 III.    Building and Personal Property Coverage Form

 IV.     Building and Personal Property Coverage Options

 V.      Causes-of-loss Forms

 VI.     Other Commercial Property Coverage Forms

 VII.    Flood, Earthquake, and Specialty Forms

 VIII.   Business Income Loss Exposures

 IX.     Business Income and Extra Expense Insurance

 X       Inland Marine and Ocean Cargo Insurance

 XI.     Crime Insurance, Parts I and II

 XII.    Equipment Breakdown Insurance

 XIII.   Businessowners and Farmowners Insurance

 XIV.    Surety Bonds