C48 – Automobile Insurance : Part 2
C48 begins where C14 ends. It concentrates on commercial automobile insurance. You briefly review the relationship between personal and commercial automobile insurance. You study the nature of commercial risks and how they are underwritten, both individually and in fleets; commercial automobile rating; risk management for commercial vehicles, especially those in fleets; garage risks– how they are identified, what makes them unique, why they need special coverage– their underwriting and rating. You also examine various commercial coverages, including the Garage Policy, the Non-owned Policy, the Lessor’s Contingent Policy, the Excess Automobile Policy and various endorsements to the Owner’s Policy.
Chapter Outlines:
- Commercial automobile insurance: the basics
- Commercial automobile underwriting
- Commercial automobile rating
- The Owner’s Policy: additional forms, endorsements and agreements
- Risk management: loss prevention for commercial automobile fleets
- The Non-owned Automobile Policy
- Garage risks: the need for the Garage Automobile Policy
- The Garage Automobile Policy
- The Lessor’s Contingent Automobile Policy
- The Excess Automobile Policy
