COMMERICAL INSURANCE

A- we noted that risk managers dealing with commercial/business insurance often referred to the term, COPE. What does COPE stand for regarding commercial insurance, and please explain each of the letters.

B- Lets assume you own a retail operation. There is insurance on the building, and your business personal property. You also have workers compensation insurance, insurance on business autos, and an excess liability policy. A fire causes damage to part of the building. That is considered a direct loss to the building and a direct loss to some business personal property.

The business is also shut down for a period due to the cleaning up, and temporarily fixing part of the building. The temporary shut down of the business is a indirect loss a business income loss. What is involved in a business income insurance loss?

C- It is said that accidents and illnesses arising in and out of the course of employment can be covered under Workers Compensation insurance. What are all the possible things that can be covered under Workers Compensation?