Commercial Property Insurance

By the end of the workshop, participants will have obtained:

• A basic understanding of commercial insurance
• Basic knowledge of the commercial insurance products and covers available
• Familiarity with the principles of underwriting commercial property insurance
• An appreciation of the factors involved in the assessment of commercial risks
• A foundational understanding of the claims handling principles

CONTENT

• The reasons why customers buy commercial property insurance
• A useful study of a typical policy structure as an overview
• A policy cover and the main exclusions and restrictions
• The differing methods of calculating the sum insured
• The principles of underwriting and pricing and the differences between the two
• The factors involved in the assessment of commercial risks
• The principles of claims handling as applied to commercial property insurance
• Typical methods of investigation used in commercial property claims handling

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.