In the CIC Commercial Property course, you will gain a detailed understanding of Commercial Property coverages and endorsements and learn how to maximize coverage and protect your property accounts.
Click Here for Agenda
Commercial Property Coverage Forms & Endorsements (8 hours)
Learn how to explain major elements of the Building and Personal Property Coverage Form to your clients. Discuss these elements, as well as different valuation methods, the application of coinsurance, and various methods used to insure fluctuating property values. Analyze policy provisions including Covered Property, Additional Coverages, Coverage Extensions, and Optional Coverages. Review important Commercial Property endorsements and how they are used to fill specific policyholder needs.
Commercial Property Causes of Loss & Endorsements (3 hours)
Understand and explain the coverages, exclusions, and limitations of the Causes of Loss – Special Form (CP 10 30) to your clients. Examine those elements and the coverage provided when the form is combined with the Building and Personal Property Coverage Form to provide coverage under a Commercial Property Policy. Analyze selected endorsements used to fill specific policyholder needs.
Time Element Coverages & Endorsements (5 hours)
Support your clients as they face significant Business Income and Extra Expense exposures. Learn methods for providing your clients with appropriate insurance protection. Analyze various Time Element Coverage Forms including a coinsurance approach, as well as the use of Optional Coverages that eliminate or suspend the coinsurance conditions contained in the coverage forms. Review selected endorsements used to enhance coverage.
The CIC designation program consists of 7 programs. To earn the designation, you must successfully complete five CIC courses and pass five exams within five calendar years. Participants must score 70% or better on the two-hour, essay style exams.
Each program is filed for State CE 16 hours. For state CE or designation update credit - the examination is not required.