Module 2: Understanding Commercial Property Risk

• Risk Identification and Classification
• Identifying property risks: location, building structure, business operations, etc.
• The role of hazard identification in property underwriting (fire, water, theft, etc.)
• Physical and Operational Risks
• Evaluating the condition of the building (age, construction type, materials, and maintenance)
• Operational risks related to business activities (e.g., manufacturing processes, hazardous materials)
• Risk posed by natural disasters (e.g., floods, earthquakes, windstorms, etc.)
• Business-Specific Risks
• Assessing unique risks in different sectors (e.g., restaurants, factories, retail outlets, tech companies)
• How operations influence underwriting decisions (e.g., high-risk inventory, volatile business models)