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Commercial Property Articles

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Property Insurance

Insurable Interests and Interests Insured in Property Insurance

2023-12-12 | William K Austin

William Austin uses a matrix approach to exposure identification for commercial property insurance.

Property Insurance

Responding to the Current Underinsurance Problem

2022-07-15 | Linda G Robinson

Have you overlooked the effect of recent economic problems on your insurable values and property insurance limits? IRMI offers guidance.

Time Element

Quantum of Loss: Understanding Bias in Business Interruption Claims

2021-08-18 | Daniel Torpey

All parties in the claims process may be subject to potential bias. Dan Torpey examines how to deal with that bias to effectively settle the claim.

Property Insurance

Commercial Property Policies Generally Cover Loss Due to Riots

2020-07-03 | Linda G Robinson

First pandemic, now riots! Is your business covered under its commercial property policy? How is the loss calculated? IRMI provides insight.

Property Insurance

COVID-19—When Civil Authorities Take over, Are You Covered?

2020-03-27 | Douglas Berry

When civil authorities take over, does your insurance apply? Doug Berry looks at this crucial question.

Time Element Commercial Property Topics

Coronavirus (COVID-19) Business Income Losses—Are They Covered?

2020-03-20 | Linda G Robinson

Are business income losses related to COVID-19 covered by a commercial property policy? The direct physical loss or damage requirement and virus exclusion argue against coverage.

Time Element

Contingent Business Interruption: Getting All the Facts

2019-04-19 | Daniel Torpey

Today's risk managers look to contingent business interruption (CBI) insurance to soften the financial impact of events outside their control. Daniel Torpey explains what it is and what it does.

Property Insurance Time Element

Property Insurance: Coinsurance

2018-11-16 | William K Austin

Coinsurance provisions, prevalent in many policy forms, are often misunderstood. William Austin clears up the misconceptions.

Time Element

The Essential Equation: A Formula for Determining Business Interruption Loss

2018-09-28 | Daniel Torpey

Daniel Torpey explains that the most fundamental elements in resolving claims are a correct application of the BI formula and the integrity of the calculations behind it. Examples are provided.

Property Insurance

Know What Property You're Insuring

2017-03-03 | Jay M Levin

Be careful when deciding what to insure, and not to insure, as mistakes can cost you real money.