Page 395 - IC38 GENERAL INSURANCE
P. 395
CHAPTER 15
COMMERCIAL INSURANCE
Chapter Introduction
In the previous chapter we considered various kinds of insurance products that
cover the risks faced by individuals and households. There is another set of
customers who have other needs for protection. These are the commercial or
business enterprises or firms, who are engaged in or deal with of various kinds
of goods and services. In this chapter we shall consider the insurance products
available to cover the risks faced by this segment.
Learning Outcomes
A. Property / Fire Insurance
B. Business Interruption Insurance
C. Burglary Insurance
D. Money Insurance
E. Fidelity Guarantee Insurance
F. Bankers Indemnity Insurance
G. Jewelers‟ Block Policy
H. Engineering Insurance
I. Industrial All Risks Insurance
J. Marine Insurance
K. Liability policies
After studying this chapter, you should be able to:
1. Recommend property / fire insurance
2. Define consequential loss (fire) insurance
3. Design burglary insurance cover
4. Illustrate money insurance
5. Describe fidelity guarantee insurance
6. Define bankers indemnity insurance
7. Propose jeweler‟s block policy
8. Appraise engineering insurance
9. Appreciate industrial all risks insurance
10. Summarise marine insurance
11. Appraise liability insurance
389
