ISO’s 2017 Commercial Property Changes: Years Ago, but Little has Changed - ON DEMAND - NO CE
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- Not yet rated
- Categories:
- Big “I” Virtual University | Commercial Lines | Commercial Lines - Basic
- Faculty:
- Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS
- Course Levels:
- All Levels
- Duration:
- 1 Hour
- License:
- Access for 90 day(s) after purchase.
Description
Although it’s been more than five years since ISO made several major changes to the Commercial Property program, nothing, or at lease very little, has changed since that filing. And, some carrier only filed these changes a couple years ago. So, don’t let the age or title fool you, this is as relevant a class as it was in 2017.
Insurance Services Office (ISO) filed several important Commercial Property changes effective September 1, 2017. As part of this filing, ISO:
- Broadened coverage in the CP 10 30 Cause of Loss -Special Form;
- Expanded coverage options for tenants required to insure the landlord’s property;
- Tightened down on the protective safeguard requirements – narrowing coverage;
- Opened up several new options for utility services coverage for the business income form;
- Gave building owners a GREAT new option for their building code (ordinance or law) exposure; and
- Introduced a new ordinance or law endorsement specifically for tenants.
These six changes continue to have a major impact on your clients and the coverage options available to them. Some changes are welcome, you want to point out these new benefits to your insureds. However, a few changes are NOT in our client’s best interest – you must be able to warn your insureds of these problems (or know how to avoid them).
The policy changes introduced in this filing WILL affect your commercial property clients - positively and negatively. Because of the major effects of these seemingly few changes, you want to take part in this class.
Basic Course Information
Learning Objectives- Understand ISO’s 2017 Commercial Property Changes
Course Materials
| ISO's 2017 Commercial Property Changes - outline (0.01 MB) | Available after Purchase | ||
| ISO's 2017-Commercial-Property-Changes-handout (1.19 MB) | Available after Purchase | ||
Faculty
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS Related Seminars and Products
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, joined the insurance industry in 1990. He is the Executive Director of the Independent Insurance Agents and Brokers of America (Big "I") Virtual University. His current duties involve researching, writing, and teaching property and casualty insurance coverages and concepts to Big "I" members and others in the insurance industry.
During his career, Boggs has authored more than 300 insurance and risk management-related articles on a wide range of topics as diverse as Credit Default Swaps, the MCS-90, and enterprise risk management. In addition to this, Boggs has written 13 insurance and risk management books:
- "The Insurance Professional's Practical Guide to Workers' Compensation: From History through Audit," now in its second edition;
- "Business Income Insurance Demystified: The Simplified Guide to Time Element Coverages," now in its third edition;
- "Property and Casualty Insurance Concepts Simplified: The Ultimate 'How to' Insurance Guide for Agents, Brokers, Underwriters and Adjusters;"
- "Wow! I Never Knew That! 12 of the Most Misunderstood and Misused P&C Coverages, Concepts and Exclusions;"
- "Insurance, Risk & Risk Management! The Insurance Professional's Guide to Risk Management and Insurance;"
- "Workers' Compensation: How You Can Effectively Answer Your Clients 12 Most Commonly Asked Questions;"
- "Glossary of Insurance Terms;"
- "Choosing the Best Risk Financing Option;"
- "Writing Property and Liability Coverage for Condos;"
- "The Truth about Enterprise Risk Management;"
- "The Experience Mod Worksheet;"
- "What has ISO Done to us Now?" and
- "Cancellations, Non-Renewals & Conditional Renewals: THE Insurance Professional's Guide to Statutory Insurance Carrier Notification Requirements for All 50 States!"
Boggs is a regular speaker at industry events, speaking for groups such as the National Association of Mutual Insurance Companies (NAMIC), the National Society of Insurance Premium Auditors (NSIPA), the American Association of Managing General Agents (AAMGA), the Institute of Work Comp Professionals (IWCP), and the CPCU Society.
A graduate of Liberty University with a bachelor's degree in Journalism, Boggs' background includes work as a risk management consultant, loss control representative, producer, claims manager, and quality assurance specialist