Time Element for Commercial Risks

NJ Course Code: #0403291 –   3 Credits

This course explores the subject of Business Income and Extra Expense in Commercial Property Coverage. We will take a detailed look at the most commonly encountered Business Income exposures and how they are treated using ISO coverage forms. We will discuss the procedures used to establish a limit of coverage and how coverage is charged for. We will also examine the process of settling a Business Interruption loss, including the parties involved in the claim and what steps are involved in the settlement process. Finally, we will discuss crisis management planning and the effects that a well designed plan may have.