保险学Treisch1eCh09.ppt

Risk Management and Commercial Property—Part IChapter 9 Chapter Objectives Explain how the Simplified Commercial Lines Portfolio policy meets property loss exposures Identify property and perils covered by boiler and machinery insurance Describe how insurance contracts can be designed to insure property that fluctuates in value List the different types of consequential loss exposures and types of insurance coverage available for such loss exposures The Commercial Package Policy (CPP) In January 1986, a new, simplified approach to commercial insurance coverage was introduced by the insurance industry Under the Commercial Package Policy (CPP) The insured can obtain almost all types of insurance coverage Broader contract provisions are included in the CPP The CPP has seven separate sets of coverage Commercial property, liability, crime, boiler and machinery, commercial auto, inland marine, and farm The Commercial Package Policy (CPP) An insured can pick and choose coverages in the CPP The CPP allows many insureds to use one policy to meet most of their insurance needs Workers’ compensation and ocean marine insurance must be purchased separately The CPP has many options available Building and Personal Property Coverage Form Basic protection for buildings and personal property in the CPP Property coverage is divided into three major categories Buildings Includes the buildings described on the declarations page Any additions, extensions, fixtures, machinery and equipment constituting a permanent part of the described buildings Service equipment Your business personal property Includes business personal property owned by the insured and usual to the occupancy of the insured Personal property of others Improvements and betterments Alterations made to a leased building by the insured that the insured cannot legally remove when the lease is terminated Personal property of others in the insureds control Develops in situations where the insured rep