Event Information
2021 - CIC - Commercial Property - Springfield - Nov. 3-4
Big I Illinois, Springfield, IL
Wednesday, November 03, 2021
- Thursday, November 04, 2021
iCalendar
Central Standard Time
Earn 16 hours of Illinois CE
In order to maximize coverage and protect your increasingly complex commercial property accounts, it is important to have a detailed understanding of Commercial Property coverages and endorsements, as well as the concepts used when correctly writing this business. Equally important is a familiarity with other coverages such as Time Element (Business Income), and Equipment Breakdown. At this institute you will learn to help provide your customers with the advice and protection they need.
Topics Covered:
- Commercial Property Coverage Forms & Endorsements
- Commercial Property Causes of Loss & Endorsements
- Equipment Breakdown
- Time Element Coverages & Endorsements
Participants will:
- Examine the property coverage found in the Building and Personal Property Coverage Form including the various Additional Coverages, Coverage Extensions, and Optional Coverages. Discuss valuation methods and the application of coinsurance. Learn the proper use of various endorsements.
- Examine the common coverage, exclusions, and limitations of the three Causes of Loss Forms (Basic, Broad, and Special) with emphasis on the Special Causes of Loss Form. You will also explore the need for the Legal Liability Coverage Form.
- Learn the property exclusions that determine when an Equipment Breakdown Policy is needed. Determine the types of equipment to include, and the role of engineering as it relates to these policies.
- Determine the what, how, and why of Business Income Coverage and Extra Expense coverage. Learn the importance of complying with the coinsurance provision and which Optional Coverages are used to remove or suspend this provision. Examine several valuable Business Income endorsements.
The exam will no longer be given at the conclusion of the seminar. Participants will take an online exam the week following the course in a testing window open Monday at 12:01 am through Thursday at 11:59 pm. Specific instructions will be sent to each participant.
**Exam is NOT required for CE credit.**
Agenda:
All times CST
Wednesday
7:30 AM - 8:00 AM - Registration/Check-in
8:00 a.m. - 12:15 p.m. - Commercial Property Coverage Forms & Endorsements with David Walker
12:15 PM - 1:15 PM - Lunch - on your own
1:15 - 5:15 p.m. - Commercial Property Coverage Forms & Endorsements (continued) with David Walker
5:15 - 5:30 p.m. - Exam Briefing
Thursday
7:30 AM - 8:00 AM - Check-in
8:00 a.m. - 11:00 a.m. - Commercial Property Causes of Loss & Endorsements with David Sheets
11:00 - Noon - Time Element Coverages & Endorsements with David Sheets
12:00 PM - 1:00 PM - Lunch - on your own
1:00 - 5:00 p.m. - Time Element Coverages & Endorsements (continued) with David Sheets
Hotel Accomodations:
Hampton Inn & Suites
2300 Chuckwagon Dr
Springfield, IL 62711
Ph: 217-793-7670
If you would rather email/mail a registration form Click here.