Description

Risk Implications for Commercial Real Estate Leases

Participants will identify and explain the major risks found in commercial real estate leases, either created by terms of the lease or found in common law. They will examine select portions of a typical, but hypothetical, commercial real estate lease. They will review the property, time element, and liability risks that may be created by the lease, as viewed from the perspective of the landlord and the tenant. They will identify the risk transfer and insurance solutions. They will review sample policies and forms and understand the benefits and limitations to each insurance solution.

Policy Formation, Interpretation & Indemnity Principles

Participants will examine and understand the basic elements of contracts. They will take an in-depth look at insurance contracts and the major contract provisions and legal requirements that have developed over time to make their intent clear. Agents will learn issues relating to insurance contract interpretation and subrogation rights and duties.

Anatomy of a Construction Injury Claim

Participants will track through the claims and coverage questions arising in a serious construction injury case from beginning to end. The topics address the property and casualty insurance coverages that can be impacted. It will include an injured employee’s lawsuit and its relationship to worker’s compensation, liabilities for the condition of a construction site, and if there is insurance coverage for the construction site condition. The subject will close with how to address defective construction claims and indemnity claims in general.

Bonds from A to Z

From a small, one-time commercial bond to the multiple bond needs of a contractor, the insurance professional must be ready to answer questions for the insured. Contract or commercial? Bid bond or payment bond? With so many types of surety bonds, it can be overwhelming to understand what the client needs. In this 4-hour session, participants will learn the basics of bonding – what do bonds do, why they are important, and who needs them. They will take an in-depth look at construction bonds, bid bonds, and performance and payment bonds. They will learn about other types of bonds including Fiduciary and ERISA bonds, public officials bonds, and license bonds. They will be able to explain how bonds and insurance differ – who they protect, how much they cost, and how claims work for each one.