Commercial Property Conditions
Commercial Property Policies carry many conditions, some statute, some policy based. This course will review the most impactful conditions which require client attention.
One Hour CE Approved
British Columbia Saskatchewan Manitoba
Statutory Conditions
Review fire statutory conditions in property insurance, including misrepresentation, material change, proof of loss, fraud, salvage, appraisal, replacement, and notice obligations.
Extensions and Conditions
Review commercial property extensions and conditions, including employee property, building damage by theft, outdoor landscaping, notice to authorities, sue and labour, no benefit to bailee, pair and set, and parts clauses.
Claims Clauses
Review key commercial property claim settlement clauses, including basis of settlement, valuation, replacement cost conditions, co-insurance, stated amount, margin clauses, and subrogation. Built for Canadian P&C broker education.
About the course
This course provides brokers with a practical review of commercial property conditions, extensions, and claims settlement. Participants examine Statutory Conditions, including material change, Proof of Loss, fraud, salvage, appraisal, and replacement. The course explores important policy extensions and conditions, including employee property, theft damage, sue and labour, bailee issues, and partial-loss valuation. The course concludes with claims settlement clauses, including replacement cost, co-insurance, valuation, and subrogation recoveries.
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.