Commercial Risks 101

Back to the basics, get in the know for your clients

Assessing a commercial risk is more than just what the business does.Your commercial clients rely on you to provide advice that is accurate and timely. The consequences of not identifying and analyzing risks an organization faces may be critical. Consider an insured that learns that a major loss is not covered. The broker/agent may be blamed for not advising the client to purchase appropriate insurance; the insurer is likely to bear the client’s anger and frustration; the adjuster will have to explain that there is no coverage and prepare for legal battle. We will discuss a full commercial risk assessment to assist with loss control, risk management, rating and underwriting including: •Occupancy and associated hazards •Building construction and exposures •Internal protection systems such as fixed extinguishing systems and sprinkler systems •Adequacy of public fire protection including hydrants and fire station response •All-risk exposure information such as flood, water damage, earthquake, collapse, impact, explosion etc. Seminar Leader Melanie Needham, FCIP, CRM CE hours:2 Technical PLEASE NOTE : - Your Insurance Institute of Ontario membership must be up-to-date. - In order to be eligible for Continuing Education hours, you must be logged in for the duration of the entire webinar, attendance will be taken throughout. - FOR GROUP RATES OF 3 OR MORE, or If you need assistance with registration, email us:ottawamail@insuranceinstitute.ca Please read the following carefully before registering: LINK TO WEBINAR 24 hours prior to the webinar, all registrants will receive an e-mail providing the direct link to the Webinar.