WIN Magazine - Spring 2015 - (Page 22)

FEATURE UNDERWRITING THE EXPOSURES OF BUSINESS OPERATIONS The Impact of Tenant Leases A BY CRAIG A. MATHRE, CPCU, CLU, CIC, CRM, ASLI, RPLU, AU, AIC, ARM, AAM 2 2 | v i e w t h i s i s s u e a t | SIGNIFICANT PROPORTION of business operations today are conducted by businesses who do not own their buildings or premises and instead, rent or lease from a landlord. Are you overlooking these two very important property loss exposures and coverages available to tenants? LEASEHOLD INTEREST OF TENANTS: ISO's CP 00 60 Leasehold Interest Coverage Form provides protection to the insured tenant from the potential adverse financial consequences resulting from the cancellation of a favorable lease arising out of the inability of the tenant to continue to occupy the leased space after a direct damage loss to the leased premises. A lease is considered to be favorable when the rental rate per square foot is somewhat or substantially lower than that for comparable

Table of Contents for the Digital Edition of WIN Magazine - Spring 2015

Cover Story: Will the Excess and Surplus Lines Insurance Business Saddle Up with Standards? By CJ Ketterer
Digital Maturity—or Extinction: Your Survival Now Depends on Digital Transformation By Scott Klososky and Corey White
Emerging Trends: The Technology Side By Greg Ricker, CPCU
Emerging Trends in the Property Insurance Market By Ralph Sabbagh, ASLI
Underwriting the Exposures of Business Operations: The Impact of Tenant Leases By Craig A. Mathre, CPCU, CLU, CIC, CRM, ASLI, RPLU, AU, AIC, ARM, AAM
Emerging Risks: Brain Research By Dr. Achim Regenauer
Millennials: How Well You Attract and Keep Them Could Be Your Competitive Advantage By Teresa Vaughn, SPHR
Volcanoes, Hurricanes, Tropical Storms and Floods: Perils and Exposures in Paradise By Sharon K. Lee
“Empowering the Wholesale Nation”: AAMGA Annual Meeting Registration and Room Block Are Now Open
Index of Advertisers

WIN Magazine - Spring 2015