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Assessing Your Commercial Borrower’s Insurance Coverage Webinar


This fast-paced program will discuss the many different types of insurance coverage for commercial business including those that can be included in the general terms “comprehensive” and “general liability” as well as specialized types of coverage based on the business sector in which your borrower operates. Collateral protection insurance including valuation of a loss claim, co-insurance requirements, and contractual provisions addressing the lender’ right to proceed will be covered. Issues such as deductibles and self-insurance will be discussed. The methods of obtaining and perfecting liens on insurance policies and insurance proceeds, including key person life insurance, will also be reviewed.

What You’ll Learn

  • Reasons for Requiring Insurance
  • Government Insurance Requirements
  • Commercial Property Insurance: Claims and Common Exclusions
  • Deductibles
  • The Lender’s Security Interest in Policies and Proceeds
  • Claim of Lender as Lender’s Loss Payee or Co-Loss Payee
  • Co-Insurance Issues and Reductions
  • Green Insurance
  • Flood Insurance
  • Lease Insurance Residual Value and Enhancement
  • Self-Insurance
  • Commercial General Liability (CGL): Coverage A, B and C
  • Business Interruption Insurance
  • Professional Liability Insurance
  • Error and Omissions Policies
  • Coverage for Officers & Directors
  • Employment Practices Liability Insurance (EPLI)
  • Data Breach & Cyber Liability Insurance
  • Coverage for Business Autos
  • Examples of Optimum Coverage for Various Types of Commercial Businesses
  • Certificates of Insurance and Borrower Reporting Requirements
  • Key Person Life Insurance

Who Should Attend
This program will benefit commercial loan officers, as well as compliance and loan documentation team members.