Assessing Your Commercial Borrower’s Insurance Coverage

The Commercial Loan Documents checklist typically lists “Evidence of Insurance”. Don’t check that off your list without making sure you have reviewed the Certificate of Insurance and assessed your borrower’s coverage.

Recorded Wednesday,
November 29th, 2023
Presented by Robin Russell
1h 30m total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Commercial/Business Lending
  • Compliance
  • Lending
  • Lending Compliance
  • Risk Management/Legal
  • Bank Legal Counsel
  • Branch Manager
  • Commercial Lender
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Risk Manager
  • Senior Management
  • Training Manager
  • Trainer

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This fast-paced program will discuss the many different types of insurance coverage for commercial business including those that can be included in the general terms “comprehensive” and “general liability” as well as specialized types of coverage based on the business sector in which your borrower operates. Collateral protection insurance including valuation of a loss claim, co-insurance requirements, and contractual provisions addressing the lender’ right to proceed will be covered. Issues such as deductibles and self-insurance will be discussed. The methods of obtaining and perfecting liens on insurance policies and insurance proceeds, including key person life insurance, will also be reviewed.

What You'll Learn

  • Reasons for Requiring Insurance
  • Government Insurance Requirements
  • Commercial Property Insurance: Claims and Common Exclusions
  • Deductibles
  • The Lender’s Security Interest in Policies and Proceeds
  • Claim of Lender as Lender’s Loss Payee or Co-Loss Payee
  • Co-Insurance Issues and Reductions
  • Green Insurance
  • Flood Insurance
  • Lease Insurance Residual Value and Enhancement
  • Self-Insurance
  • Commercial General Liability (CGL): Coverage A, B and C
  • Business Interruption Insurance
  • Professional Liability Insurance
  • Error and Omissions Policies
  • Coverage for Officers & Directors
  • Employment Practices Liability Insurance (EPLI)
  • Data Breach & Cyber Liability Insurance
  • Coverage for Business Autos
  • Examples of Optimum Coverage for Various Types of Commercial Businesses
  • Certificates of Insurance and Borrower Reporting Requirements
  • Key Person Life Insurance

Who Should Attend

This program will benefit commercial loan officers, as well as compliance and loan documentation team members.

Robin Russell

Instructor Bio

Robin Russell has practiced law for 35 years and is licensed in Texas, New York, and Massachusetts, and has extensive experience in the energy sector, having been named to Oil and Gas Investor's 25 Influential Women in Energy in 2019. She is a fellow in the American College of Bankruptcy and of the American Law Institute. She combines a depth of experience in bankruptcy restructuring and litigation with financial transactions. She has represented corporate debtors, independent directors, liquidating trustees, bondholders, unsecured creditors' committees, bank groups, private equity funds, landlords, trade creditors, and bidders for estate assets in Chapter 11 and Chapter 7 bankruptcy proceedings. She has also represented banks, institutional lenders, and corporate borrowers in commercial loan transactions and debt restructurings.

Robin is the principal author of Thomson Reuters' Texas Practice Guides for both Creditors' Rights and Financial Transactions and the Texas Bankers Association's Texas Secured Lending Guide, Texas Problem Loan Guide, Texas Real Estate Lending Guide, and Texas Account Documentation Guide. She is a frequent speaker on banking, bankruptcy, and financial restructuring-related topics and has served as a Chapter 7 Trustee. Robin received her LL.M. in Banking Law from Boston University and her J.D. from Baylor University where she was Editor-in-Chief of the Baylor Law Review. She clerked for the Texas Supreme Court before beginning her legal career.