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An Excellent Resource on Commercial Insurance Products
This book details key property and casualty concepts rarely discussed or found in print; rather they are often left to be "discovered" over time. These important concepts are now written down for all insurance practitioners to easily access.
Examples of the topics and concepts found in this book include rules for reading ANY insurance policy; why losses are excluded; contractual risk transfer; legal liability theories; "COPE" details; and the proper explanation of coinsurance concepts.
Also included is a rather extensive glossary of insurance and insurance-related terms.
What you will gain from reading this book
- Gain a deeper understanding of insurance theories
- Be better prepared to explain insurance concepts to their clients
- Develop a greater appreciation and understanding of the claims valuation process
Special Bonus with your Book Purchase
Included with your book purchase are three flowcharts designed by Chris Boggs:
- Calculating Amount Available to Cover a Homeowners' Property Loss
- Calculating Amount Available to Cover a Commercial Property Loss
- How to Calculate the Amount of Liability Coverage Available
To receive this bonus, just email your receipt to books@insurancejournal.com and we'll send you these three flowcharts.
Free preview: Read the first three chapters!
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Table of Contents
Chapter 1
How to Read an Insurance Policy
Chapter 2
Six Reasons the Loss is Excluded
Chapter 3
Insurance Premiums Are Only a Small Part of the Insured's Total Cost of Risk
Chapter 4
Is Your Client a Risk Taker?
Chapter 5
Understanding the Basics of Contractual Risk Transfer
Chapter 6
Understanding Negligence and Theories of Legal Liability
Chapter 7
Using Coverage and Limits Gaps to Sell
Chapter 8
Understanding Commercial Property Underwriting and 'COPE'
Chapter 9
Understanding Insurance Property Values and Valuations
Chapter 10
How to Explain Coinsurance
Chapter 11
The Differences Between the Application of Coinsurance in Homeowners' And Commercial Property Policies
Chapter 12
How To Calculate The Amount Payable For A Homeowners Property Loss
Chapter 13
How to Calculate Coverage For A Commercial Property Loss
Chapter 14
How to Calculate Liability Loss Payments
Chapter 15
'Occurrence' Vs. 'Claims Made' Liability Coverage Forms
Chapter 16
How to Prepare for and Evaluate the Consent to Settle and the 'Hammer Clause'
Chapter 17
Does 2 + 8 + 9 = 1? Understanding Covered Auto Symbols in the Business Auto Policy
Chapter 18
Understanding the MCS-90
Chapter 19
Understanding Reinsurance
Chapter 20
How to Insure Joint Ventures
Chapter 21
Understanding the Do's and Don'ts of E&O Threats
Glossary of Insurance and Insurance-Related Terms
About the Author
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS is the Director of the Academy of Insurance at Insurance Journal. Boggs has nearly 20 years of experience in insurance and risk management, a background which includes teaching pre-licensing and insurance continuing education courses and writing on coverage and insurance-related issues. As a veteran insurance professional, Boggs worked as an account executive for several property/casualty agencies and as a senior risk analyst for one of the largest risk management consulting firms in the Southeast.
Chris is former associate editor of MyNewMarkets.com, associate director of education for the Independent Insurance Agents of North Carolina, Inc. and a former loss control and claims specialist for the North Carolina Department of insurance.
Chris Boggs' articles have been featured in International Risk Management Institute's (IRMI's) The Risk Report, The John Liner Review, RIMS' Risk Management Magazine, and the American Public Power Association magazine.
What the Industry is Saying
Did you enjoy this book? We would love your feedback, send us your review!
"This book is an excellent resource on commercial insurance products, and associated topics as it contains essential information, charts, graphs that can be easily accessed and shared with clients."
Peggy M. Jackson, DPA, CPCU
Principal — Peg Jackson & Associates
"Chris Boggs has written a book for insurance professionals loaded with essential information presented in a clear and understandable way. The graphical descriptions of the claim adjusting process alone are worth the cover price, but the book is much more than that."
Tim Dodge, CPCU, ARM, AU
Director of Research and External Communications
Independent Insurance Agents & Brokers of New York, Inc.
"This book simplifies the complex process needed to ensure coverage gaps are filled, policy conditions are clearly understood and losses are correctly adjusted. This book is a must-read for risk managers, agents or those who self- insure."
Nancy Germond, MA, ARM, AIC, ITP
President — Insurance Writer
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"essential information, charts, graphs that can be easily accessed and shared with clients."
Peggy M. Jackson, DPA, CPCU
Peg Jackson & Associates
"loaded with essential information presented in a clear and understandable way."
Tim Dodge, CPCU, ARM, AU
IIABNY
"a must-read for risk managers, agents or those who self- insure."
Nancy Germond, MA, ARM, AIC, ITP
Insurance Writer
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