Commercial insurance

Author: Wei Bu
Publisher:
Publish Date: 2003-08-01
Features: INS23 (Business Insurance) is one of the textbooks in the General Insurance Program (INS) series by the Insurance Institute of America (IIA). It primarily introduces the various risks faced by businesses and other institutions, as well as the essential tools for risk management—business insurance. The book is divided into 13 chapters, starting with a general overview of business insurance and then delving into various types of business insurance coverage, including commercial property insurance, business income insurance, commercial crime insurance, boiler and machinery insurance, inland and marine transportation insurance, commercial general liability insurance, commercial auto insurance, business owner's insurance, workers' compensation and employer liability insurance, professional liability insurance, aviation insurance, excess and umbrella liability insurance, and surety insurance, among others. When introducing all major types of business insurance, the book follows the same logical approach: first identifying the loss risks, which then lead to the need for coverage, followed by an explanation of the relevant business insurance. Additionally, the book provides brief explanations of the rating methods for most types of coverage. The General Insurance Program is one of the most recognized professional certification exams in the United States, and many successful professionals in the property and liability insurance industry began their careers with this exam. INS23 (Business Insurance) covers most of the insurance types used to provide coverage for businesses and other institutions, helping readers gain a comprehensive understanding of the field of business insurance. It is not only suitable for beginners in the property and liability insurance industry but also serves as an excellent reference for readers interested in U.S. insurance, particularly for insurance professionals and students majoring in insurance at universities.