Course

Course Summary

Credit Type:

Course

ACE ID:

AICP-0140

Organization's ID:

AU 61

Organization:

American Institute For Chartered Property Casualty Underwriters/The Institutes

Location:

Online

Length:

21 hours (8 weeks)

Dates Offered:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	3	Commercial Property Risk Management and Insurance

Description

Objective:

Upon the successful completion of this course, students will be able to build a comprehensive approach to commercial property underwriting and to learn how to best assess risk so they can protect companies against unexpected physical losses.

Learning Outcomes:

Students will learn to identify the causes of commercial property loss, analyze fire exposures, evaluate commercial property provisions affecting the amount of loss, verify property values, determine the potential loss severity, and become familiar with COPE elements.
Students will gain familiarity with building construction classifications, such as those related to frame construction, joisted masonry construction, noncombustible construction, and fire-resistive construction.
Students will gain an understanding of occupancy hazards rating factors and underwriting considerations regarding habitational occupancy, office occupancy, institutional occupancy, mercantile occupancy, service-industry occupancy, and manufacturing occupancy.
Students will learn about fire protection, fire prevention, fire detection systems, fire suppression systems, and external exposure underwriting considerations.
Students will review how to underwrite natural causes of loss, such as lightning and hail, windstorm, wildfire, flood, and earthquake.
Students will become familiar with causes of loss such as riot, civil commotion, vandalism and terrorism, explosion and collapse, sprinkler leakage and water damage, and cyber-related property risk.
Students will learn about the probable maximum loss of business income, factors that influence the maximum period of restoration, factors that influence the maximum loss during the period of restoration, and insurance to value for business income coverage.