Discussions
Commercial Property Insurance
Briefly describe three of the following commercial property insurance coverages. Provide an example of each. Respond to at least two of your classmates' postings.
• Builders risk
• Condominium association
• Equipment breakdown
• Difference in conditions
• Inland marine
• Ocean marine
Businessowners Policy
A store is insured for liability coverage under a businessowners policy. Explain whether the following situations are covered under the businessowners policy. Treat each situation separately. Respond to at least two of your classmates' postings.
• A clerk accidently injures a customer with a shopping cart. Both the business owner and the clerk are sued.
• A customer slips on a wet floor and breaks a leg.
• The business owners have a customer arrested for shoplifting. The customer is innocent and sues for damages.