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Commercial property insurers focus on coverage extensions and claim outcomes
Sovereign Insurance will host a webinar aimed at improving broker and underwriting understanding of coverage extension triggers and their impact on policies.
Insurance Business reports that in commercial property insurance, extensions of coverage can materially affect how claims turn out, especially as supply chains and business operations become more complex.
The outlet says many brokers handling complex risks do not fully understand the purpose and structure of these extensions, and that misreading or misapplying them can create gaps that are no longer minor oversights.
Insurance Business also reports that Sovereign Insurance is hosting an exclusive webinar, Extensions of Coverage: Small Details, Big Consequences, with Jose Landrove, a Senior Underwriting Specialist at Sovereign’s National Resource Practice, discussing how extensions have evolved and where misunderstandings commonly arise.
Landrove is quoted by Insurance Business emphasizing that the topic requires constant attention, and that the webinar is intended to raise awareness so insurance professionals can take proper action, including by reviewing extensions through actual examples.