Using Ordinance and Law Insurance to Protect Your Property and Business Recovery: Aug. 27
Click here for more information
About the Event
Ordinance or Law Insurance is a critical but often misunderstood coverage that can significantly impact a commercial or multifamily property owner’s ability to recover from a loss. This webinar will break down the key components of ordinance and law coverage, explaining why it is essential for protecting business health in the event of a partial or total property loss. Attendees will gain insight into the policy structure, including the three main coverage parts of undamaged portion, demolition and increased cost of construction, in addition to key policy terms, conditions and exclusions that could affect claims.
Panelists will highlight the financial and operational risks of insufficient coverage, including the irreparable harm that can result when rebuilding costs exceed insurance limits. Attendees will also learn important terminology and policy nuances to help property owners, investors and risk managers navigate these complex provisions.
Date/Time:
Wednesday, August 27 (2:00 PM – 3:00 PM ET)
Objectives:
Understand the purpose and importance of ordinance and law coverage in protecting commercial and multifamily property owners from financial loss
Define the three main coverage parts: undamaged portion, demolition, and increased cost of construction
Explore critical policy details that may impact claims, helping attendees avoid common coverage gaps
Explore the consequences of underinsurance, including potential financial strain and obstacles to rebuilding after a loss
Gain the knowledge to assess coverage needs and effectively communicate with insurers and advisors
Target Audience:
Insurance Analysts
Compliance and Risk Management Professionals
Commercial Servicing Professionals
Experience Level:
Entry-Level
Intermediate
Speakers:
Frankie Jones, Vice President & Managing Director, Commercial Mortgage & Real Estate, Lincoln Financial
Fraser Roberts, Chief Executive Officer, INTECH Risk Management
Michael R. Smith, EVP, Specialty Lending, Alliant Insurance Services
