Understanding Basics of Commercial Property Insurance-Part I(1.5 Credit Hour) TDI Course No.

 

Chapter 1:

1.1     Welcome to the AIAA Managing Effectively CE Course

This American Insurance Agents Association (AIAA) Online Self-Study CE course on Understanding Basics of Commercial Property Insurance is primarily designed to provide managers with practical tools and tips to understand the basic concepts and information about commercial Property Insurance. The course is one hour in length and provides one CE unit upon successful completion. Your AIAA Chapter has made a strong sincere commitment to our members to provide the best training available for agency management, agents and adjusters. The course curriculum is designed to be highly interactive and chock-filled with techniques and success tips from successful agents that are easy to follow and understand. Most importantly, the practical tools and techniques provided can be applied immediately back in the workplace. You are a valuable part of our commitment. Your participation, course mastery, and on job application of this course, is your contribution.

   1.2 AIAA Motto:

• Aim
• Innovate
• Apply
• Achieve

1.3    Working Definition: Commercial Property insurance

This business property insurance protects your property, as well as inventory or assets, against loss or damage caused by theft, an accident or some other means. Your business property insurance protects you even if the property is away from your place of business when it is damaged or lost. The policy covers your costs to replace or repair the property and, in some instances, compensates you for items that cannot be replaced.