Commercial Lines Basics Part Four
In this fourth course we will begin our review of the All Risk Commercial Property form and review the Profits Form. To conclude this course the Umbrella Policy will be introduced.
One Hour CE Approved
British Columbia Saskatchewan Manitoba
Broad Form I
Understand Broad Form commercial property coverage on an all-risks basis, focusing on property exclusions for vacant premises, drones, money, signs, valuables, vessels, breakdown, sales samples, and glass.
Profits Form
Learn how the Business Interruption Profits Form works, including net profit, standing charges, the average clause, ordinary payroll, indemnity periods, due diligence, building code delays, and broker placement decisions.
Umbrella Liability
Review umbrella liability coverage, including excess limits, drop-down protection, retained limits, underlying insurance requirements, primary policy maintenance, exclusions, and broker review priorities.
About the course
This course provides brokers with a practical review of commercial property, business interruption, and umbrella liability insurance. Participants examine Broad Form all-risk property coverage, focusing on excluded property, vacancy, specialized exposures, and the importance of exclusions in determining coverage. The course reviews the Profits Form, including net profit, standing charges, ordinary payroll, and appropriate indemnity periods. The course concludes with umbrella liability, including excess limits, drop-down coverage, retained limits, underlying insurance requirements, and common coverage gaps.
Meet Your Instructor
For more than four decades, Todd Hochban has worked with Canadian insurance brokers, helping them better understand property and casualty insurance through practical, real-world education. As a seasoned educator, industry speaker, and course developer, he has trained thousands of brokers across Canada, translating complex insurance concepts into clear, actionable learning. Every BrokerBytes course is designed with one goal in mind: to provide practical knowledge that brokers can immediately apply in conversations with clients, underwriting submissions, and claims situations. Rather than focusing on theory alone, these lessons emphasize the issues brokers encounter every day. Whether you're new to the industry or building on years of experience, BrokerBytes delivers concise, focused learning designed for today's busy insurance professional.