Principles of Risk Management and Insurance, 13th Edition

Chapter 25 Commercial Property Insurance

“Protecting the company assets and the impact on earnings from a loss is a key function of the risk manager’s job. Commercial property insurance is one of the most important techniques for financing the risks associated with damage to these assets.”

Rebecca A. McQuade, Director of Risk Management, PACCAR Inc.

Learning Objectives

After studying this chapter, you should be able to

• Explain the basic provisions in the building and personal property coverage form, including:

  • – Covered property

  • – Additional coverages

  • – Optional coverages

  • – Extensions of coverage

• Identify the causes of loss that are covered under the following forms:

  • – Causes-of-loss basic form

  • – Causes-of-loss broad form

  • – Causes-of-loss special ...