What is it About the PRIS Designation

The Property Risk Insurance Specialist (PRIS) program is an intense, three-day study of all areas of property insurance developed by Insurance Partners Academy and contributed to by the Insurance Journal Academy of Insurance. PRIS allows agents, brokers, underwriters, risk managers, and insurance buyers to gain specialized knowledge in managing and insuring property risks. The design and presentation of the PRIS increases the expertise and competence of individuals who sell, underwrite, manage, or purchase property insurance. Earning the PRIS certification establishes credibility and is a sign of an ongoing professional commitment to understanding this complex and constantly changing insurance specialty.

Participants in the PRIS designation program learn the proper methods for insuring complex property accounts. Coverage, including the nuances of the policy language, is outlined in far more detail than in any other property-specific program taught today. In addition to in-depth coverage training, common service issues and their solutions are presented and discussed, as are the proper methods of managing the inevitable losses associated with difficult and challenging property exposures. Specific topics covered in this three-day course include:

Introduction to Property Insurance:

• The Players
• Property Insurance Realities
• Maureen’s Musts
• How to read a Property Policy
• Overview of the ISO Policy and Key Issues

Limits:

• Valuing Property
• Excess Limits
• Priority of Payments
• Subscription Policies

Traps Gaps and E & O Slaps:

• Outdoor Fixture Problems
• 100′ of the Describe Premises Issues
• Excluded Property you WANT Insured
• Margin Clause
• Vacancy Provision
• Blanket Named Insured
• ISO RCP Code and Sprinkler Reports
• Pair and Set Problems

Coverage that make a difference at the time of loss – How to write it right:

• Errors and Omissions
• Utility Service Interruption
• Debris Removal
• Ordinance or Law
• Equipment Breakdown
• Leasehold Interest Coverage
• Ingress & Egress
• Civil Authority
• Environmental Coverage
• Earthquake
• Collapse

Deductibles:

• How to Choose a Deductible
• Deductible Application with Sub-Limits
• Deductible Buy-Downs

Difference in Conditions:

• What is it?
• Typical Features
• How to Arrange
• When you Need One
• Layered DIC

Flood Coverage:

• ISO Mandatory Water Exclusion Endorsement
• Sewer Back-Up or Overflow Issues
• SFHA Issues
• Flood Mapping
• NFIP Overview

Commercial Output Policies:

• What are They?
• Key Coverage Features

Inland Marine:

• The Need for Inland Marine
• Non-filed Coverage Lines
• Filed Coverage Lines
• Selecting Limits
• What is Written under Inland Marine

Global Placements:

• Non-admitted Issues
• Premium Rates and Taxes
• State Control
• Global Insurers
• Arranging Coverage Overseas

Highly Protected Risk:

• Advantages of HPR Treatment
• Possible Disadvantages

Business Income:

• Four Key Business Income Concepts
• Defining and Calculating the Period of Restoration
• Business Income Coinsurance – Don’t Let it Scare You

Condominiums:

• Two Main Questions to Correctly Construct Condominium Property Coverage
• Three Levels of Associational Responsibility
• Four Real Property Definitions Relevant to Condominium Property Coverage
• Defined Levels of Associational Responsibility
• How the Flood Policy Relates to the Condominium Risk
• Statutes and Coverage Responsibility
• Values Assignable to Condominium Property
• The Information Required to Provide Proper Protection for the Association and the Unit Owner

Contractors Property:

• What does it take to insure Contractor’s Property?
• Builders Risk Policies
• Installation Floaters
• Contractors Equipment Floaters

Property Beyond Coverage and Exposures:

• Property Risk Management
• Service Issues
• Lease Problems
• Lenders
• Certificate of Insurance / Evidence of Property Insurance
• Golden Triangle of Success
• Give to Get – The Economics of Reciprocity and Fairness
• Being of Service
• Top Performer Summary
• How to break down an account to determine your real opportunity
• Presentations
• Powerful Proposals
• Submissions
• Presenting Coverage not Currently Purchased
• Success Factors

This intense and in-depth three-day course is taught by two of the industry’s most popular instructors, Chris Boggs CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, Director of Education for the Insurance Journal Academy of Insurance and Maureen Gallagher, CIC, CRM, RPLU, CRIS, CWCP, CWCA, CILMA, LIA, LIC, MLIS, Director of Education for Insurance Partners Academy. Chris and Maureen bring a wealth of practical experience in addition to their technical expertise.

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Topics Property Training Development