Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right 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: 2/1/2023 - 1/31/2026 8/1/2017 - 1/31/2021 1/1/2014 - 7/31/2017 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Commercial Property Risk Management and Insurance Description Section 3 Content Section 3 Content Left Section 3 Content Right 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. General Topics: Evaluating commercial property applications Assessing construction characteristics Taking building occupancy into consideration Analyzing fire protection and external exposure Underwriting natural causes of loss Covering lost business income Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Case Studies Practical Exercises Methods of Assessment: Examinations Minimum Passing Score: 70% Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from American Institute For Chartered Property Casualty Underwriters/The Institutes Addressing Commercial Liability Risk (AICP-0052) Addressing Commercial Property Risk (AICP-0051) Claims in an Evolving World (AICP-0127) Connecting the Business of Insurance Operations (AICP-0053) Developing Personal Insurance Solutions (AICP-0098) Evaluating Commercial Underwriting Risks (AICP-0139) Exploring Reinsurance Products and Transactions (AICP-0104) Holistically Assessing Risk (AICP-0158) Impacting the Bottom Line of Insurance Financials (AICP-0056) Increasing Your Insurance IQ (AICP-0156) View All Courses Page Content