Microlearning Series - Commercial Lines I
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Topic outline
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Through this six-month learning path, you will earn eight hours of credit toward your designation update requirement! Each month of the learning path focuses on a hot topic in commercial lines insurance. You can expect to spend roughly 20 minutes per week reviewing curated learning resources including videos, microlearning courses, articles, podcasts, and eLearning interactions. Each month will culminate in a quiz to assess your understanding of the topics covered.
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1.1: Explain the purpose of Ordinance Or Law Coverage.
1.2: Identify three primary ordinance or law exposures on an unendorsed Commercial Property Policy.
1.3: Describe the three coverages provided by the Ordinance Or Law Endorsement.
1.4: Apply ISO Ordinance Or Law coverage to a real-world scenario.
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Students mustView
This video gives an overview of Ordinance Or Law Coverage and how it can apply.
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Students mustViewComplete the activity
This microlesson discusses an overview of what Ordinance Or Law Coverage is and why it's important.
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Students mustView
This video discusses the Ordinance Or Law exclusion in the Causes Of Loss – Special Form.
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Students mustViewComplete the activity
This microlesson covers the CPP and BOP and how the Additional Coverage - Increased Cost Of Construction applies.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Students mustView
This video will recap the Ordinance Or Law Exclusion in the Causes Of Loss – Special Form, the Additional Coverage in the CPP, and the Ordinance Or Law Endorsement.
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Students mustViewComplete the activity
This microlesson takes a deeper look at the coverages available under the Ordinance Or Law Endorsement.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Students mustView
This article discusses how Ordinance Or Law coverage might apply in an actual loss situation.
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Month #1 Quiz
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2.1: Explain how ISO Ordinance Or Law coverage handles losses involving covered and uncovered perils.
2.2: Identify three coverage exclusions in the ISO Ordinance Or Law Endorsement.
2.3: Calculate Ordinance Or Law premiums.
2.4: Describe additional Ordinance Or Law coverage options and considerations to take into account when purchasing Ordinance Or Law coverage.
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Students mustView
This video will show examples of how the Ordinance Or Law Endorsement provides coverage when a loss occurs from both covered and uncovered perils.
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Students mustViewComplete the activity
In this microlesson, settlement options for the Ordinance Or Law Endorsement will be discussed.
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Students mustViewComplete the activity
This simulation will review various client scenarios to determine whether they are covered by the ISO Ordinance Or Law Endorsement.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Students mustView
This video gives an overview of the loss conditions that apply regarding payment under Coverage C.
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Students mustViewComplete the activity
This microlesson walks through the rating of the three coverage parts to Ordinance Or Law Coverage.
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Students mustView
This video discusses other important Ordinance Or Law Endorsements.
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Students mustViewComplete the activity
This microlesson will discuss two additional Ordinance Or Law Endorsements.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Month #2 Quiz
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3.1: Explain the purpose of Products-Completed Operations coverage.
3.2: Identify how Commercial General Liability Aggregate and separate limits apply to specific loss situations.
3.3: Describe the various sources and triggers in the Commercial General Liability Policy.
3.4: Outline the "products-completed operations hazard" as it is defined in the CGL Policy, including what is and is not covered.
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Students mustViewComplete the activity
This microlesson provides an overview of what is meant by Products Liability and Completed Operations Liability in the CGL Policy.
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This microlesson discusses how the CGL aggregate limits and separate limits apply.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered last week and earn points to move your way up the leaderboard!
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Students mustViewComplete the activity
This microlesson takes a deeper look at direct and vicarious liability.
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Students mustView
This video discusses sources of products-completed operations claims and liability triggers.
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Students mustView
The video focuses on understanding when coverage applies under different triggers, highlighting common misconceptions and the importance of maintaining continuous coverage.
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Students mustViewComplete the activity
This microlesson reviews the Coverage A Insuring Agreement.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Month #3 Quiz
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4.1: Explain the concept of indemnification and how it applies in the CGL Policy.
4.2: Identify the purpose for the Additional Insured – Owners, Lessees or Contractors – Completed Operations Endorsement CG 20 37.
4.3: Identify the 17 exclusions for Coverage A in the CGL Policy, and apply relevant exclusions to products and completed operations liability.
4.4: Describe what is considered "your work" and "your product" in the CGL Policy.
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Students mustViewComplete the activity
This microlesson discusses the concept of indemnification.
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Students mustView
In this video, the CG 20 10 and CG 20 37 Additional Insured Endorsements are discussed.
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Students mustViewComplete the activity
This microlesson further examines the CG 20 37 Additional Insured Endorsement.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Students mustViewComplete the activity
This microlesson discusses exclusions a-j in the CGL Policy.
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Students mustView
This video further examines exclusions in the CGL Policy, specifically exclusions k-q.
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Students mustViewComplete the activity
View this microlesson to learn more about what is considered "your work" and "your product" and how the CGL policy defines these terms.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Month #4 Quiz
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5.1: Explain the purpose of business income coverage.
5.2: Describe the requirements of a time element loss.
5.3: Recommend the most appropriate Business Income Optional Coverage to waive coinsurance, given a business description.
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Students mustView
The video provides definitions for two insurance terms: Business Income and Extra Expense.
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Students mustViewComplete the activity
This microlesson provides a brief overview of the concept of business income.
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Students mustView
This video explains the purpose of business income coverage and how it can be triggered.
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Students mustViewComplete the activity
This microlesson covers what qualifies as a business income loss.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Students mustView
The article gives seven tips for computing and supporting business income losses.
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Students mustView
This video illutrates how coinsurance is applied to time element coverages and explains the alternatives to using the coinsurance provision.
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Students mustView
The video dives into further detail about the business income coverage options.
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Students mustViewComplete the activity
This microlesson takes a deeper look at the three optional coverages available to waive coinsurance.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Month #5 Quiz
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6.1: Explain how the coinsurance formula for business income differs from the coinsurance formula for commercial property insurance.
6.2: Apply the coinsurance formula to select an appropriate coinsurance percentage and limit of insurance to avoid a coinsurance penalty.
6.3: Explain how the Extended Period Of Indemnity Endorsement alters extended business income coverage.
6.4: Describe how dependent property exposures can impact business income.
6.5: Explain why business income coverage did not apply to claims related to the COVID-19 pandemic.
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Students mustViewComplete the activity
This microlesson reviews the coinsurance formula, determining a BI limit, and calculating coinsurance penalties.
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Students mustView
In this video, the difference between Property Coverage Coinsurance and Business Income Coinsurance is discussed, as well as the rationale behind a 125% coinsurance selection.
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Students mustViewComplete the activity
This short simulation provides more practice in helping a client to determine a limit of insurance and coinsurance percentage.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Students mustViewComplete the activity
This microlesson covers the Business Income Additional Coverages and the Extended Period Of Indemnity Optional Coverage.
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Students mustView
This video explains why the Extended Period of Indemnity Optional Coverage may be added to the Business Income (And Extra Expense) Form.
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Students mustView
This video illustrates how business income coverage can be applied to properties the insured does not own but depends upon to generate revenue.
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Students mustView
This article, written in 2020, discusses why business income coverage did not apply to claims related to the COVID-19 pandemic.
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Students mustViewComplete the activity
Assess your understanding of the learning objectives covered in the last two weeks and earn points to move your way up the leaderboard!
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Month #6 Quiz
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Acknowledgement of Completion-REQUIRED FOR UPDATE CREDIT Quiz
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Final Exam-REQUIRED FOR CE CREDIT Quiz
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