Risk identification & commercial property insurance

Replacement cost 2)actual cash value (replacement cost - depreciation) 3)extended replacement cost ( over coverage limit 25%)

1. package /umbrella policy 2) burglary insurance 3)all risks insurance policy 4)Marine cargo insurance policy 5) fire insurance policy 6)other types of property insurance

Provides protection to tangible and intangible asset. Covers contents inside property. Done property risk coverage under the name of perils/multiple perils/additional kind. Insurance perils : a) Open perils(exclude) b)named perils (actual cause mentioned - fire)

<p>Chartered insurance institute CII &quot;insurance covering property owners and tenants against various perils that may cause property loss or damage&quot;. John f dobbyn &quot;insurance that protect the insured property from various risk include fire theft and weather damage.&quot;</p> Signup and view all the answers

<p>Risk identification 2)risk analysis 3)risk evaluation 4)risk treatment 5)risk monitoring and review</p> Signup and view all the answers

<p>It is the foundation it identify event that would lead to loss or damage.&quot;risk identification is the process of determining risk that could potentially prevent the programme enterprise or investment from achieving its objectives&quot;</p> Signup and view all the answers

<p>1)identify and priorities potential risk event, 2)help develope risk management strategies and plan 3)use establish research management methods tools and techniques to assist 4)find ways to identify and evaluate risk 5),help in analysis and reporting of identified risk events.</p> Signup and view all the answers

<ol> <li>use of questionnairies and checkless 2)statistical records of losses 3)organisation charts 4)interaction with others 5)flowcharts method 6)on site inspection 7)financial statement method 8)insurance policy checkless</li> </ol> Signup and view all the answers