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$117
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Time Element with Supplemental Online Learning
Highlights
Delivered Online
4 hours
Advanced level
Description
This 4-hour course is designed to provide students with an in-depth look of Time Element coverages available for commercial properties.
Coverages reviewed include:
Business Income
Extra Expense
Leasehold Interest
Numerous endorsements for Time Element Coverages
The student will also learn about the worksheets used for time element and the formulas behind calculating limits. They will learn to understand what coverages clients may need for each of their individual risks.
By the end of this course, the student will understand the underwriting, worksheets, calculations, and coverages required when writing time element policies.
🤔What is Time Element Coverage?
Time Element Coverage is a type of commercial property insurance designed to protect businesses from financial losses that occur due to the interruption of normal operations after a covered event, such as a fire, storm, or other disaster. Unlike standard property insurance, which focuses on physical damage to buildings or contents, Time Element Coverage addresses the financial impact of the time it takes for a business to recover and resume operations.
🗝️Key Features:
Business Income Coverage: Reimburses lost income and ongoing expenses (like payroll, rent, and utilities) during the period when the business is unable to operate due to a covered event.
Extra Expense Coverage: Covers additional costs incurred to minimize the length or impact of the interruption, such as renting temporary facilities or leasing equipment.
Leasehold Interest Coverage: Protects tenants who lose favorable lease terms (like below-market rent) due to property damage that forces them to relocate.
🤷♂️Why It’s Important:
Time Element Coverage ensures that businesses can maintain financial stability during periods of disruption. It helps cover lost revenue, pay necessary expenses, and support recovery efforts, allowing businesses to bounce back more quickly and effectively. This type of coverage is essential for protecting against the long-term financial consequences of operational downtime.
Frequently Asked Questions
What are the key requirements to earn CE credit?
You must attend the live webinar in real-time, log in and out as instructed, provide your National Producer Number and State license info, actively participate, and stay for the full session.
Is a final exam required?
No, the instructor-led webinars do not require a final exam.
How are both participation and attendance monitored?
Active participation is required. You will need to respond to instructor questions, answer at least two polling questions within one minute, and engage using the Chat feature. Attendance is monitored via your login/log-out times, Chat activity, and session records.
What happens if I’m late or inactive?
Late arrivals, inactivity, or lack of participation (e.g., not answering poll questions) will result in no CE credit being awarded.
Are there Texas state-specific rules I need to follow?
Texas Residents: A minimum of three students must be enrolled for CE credit to be issued.
What is the Refund Policy?
Thank you for your trust in Insurance Centers of America, Inc. Education. Our goal is to provide you with a quality learning experience enabling you to enhance your insurance carrier. If you are not entirely satisfied with your experience, you may request a refund per the following terms:
All Classes except Pre-Licensing
Refunds will be provided up to 30 days before the start of the enrolled course. Within 30 days before your class start date, you can contact us to reschedule the class on a different date at no additional charge. Once a class has started, there are no refunds. You may reschedule your course at a 50% discount rate on your original purchase.
Pre-Licensing Instructor Led
Our goal is to have you successfully complete your state license exam on your first attempt by utilizing the materials provided and actively participating in the instructor-led classes. Should a student not pass the state exam, we will provide the two (2) days of exam preparation at no additional charge if taken with 60 days of your initial exam attempt.
Self-Study Pre-licensing & Web CE
Please refer to the WebCE.com
Texts Books/Workbooks
There are NO REFUNDS on textbooks or workbooks once these materials have been received by the student.
How to Request a Refund
All refund requests must be made through the link in the My Account on the ICA Insurance Education website. No telephone or verbal requests will be accepted.
- 1. Purchaser Name
- 2. Student Name (if different than purchaser)
- 3. Order Number
- 4. Class you want refunded
- 5. Reason for refund request
All refund requests must include the following:
Access to Class Materials
Students will have access to the class and materials for 60 days after date of enrollment.
course Content
5 sections•13 lessons
Welcome 3 lessons
- 1🎉 Welcome 🎉
- 2PowerPoint Slides
- 3Worksheets
Foundations of Time Element Coverage3 lessons
- 1Introduction to Time Element Coverage
- 2Exposures and Eligibility
- 3Cause of Loss Forms
Policy Structure and Core Coverages3 lessons
- 1Policy Composition
- 2Business Income Coverage Breakdown
- 3Extra Expense Coverage Breakdown
Advanced Endorsements and Applications3 lessons
- 1Business Income/Extra Expense Endorsements
- 2Business Income/Extra Expense Worksheets
- 3Leasehold Interest Coverage Breakdown
Course Integration and Risk Assessment1 lessons
- 1Wrap-up with COPE (Construction, Occupancy, Protection, Exposure)
Dates
- Delivered Online4 spaces left• to$117
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