Commercial Insurance Series
Commercial Insurance Overview Course
Why you need this course:
Commercial insurance fills a role within the larger context of risk management. By recognizing a commercial loss exposure and the type of commercial insurance policy that would cover the exposure, you will understand how insurance works as a method of managing risks. This course provides an overview of several common lines of commercial insurance and the components of a Commercial Package Policy (CPP).
Upon successful completion of all five modules in this course, you should be able to:
- Explain how insurance can be viewed as one of several risk management techniques that can be applied through the risk management process.
- Describe the key characteristics and advantages of the following forms of business organizations:
- Corporations
- Partnerships
- Joint ventures
- Limited liability companies (LLCs)
- Unincorporated associations
- Summarize the purpose and exposures addressed by each of the various lines of commercial insurance.
- Describe the components of the Insurance Services Office (ISO) Commercial Package Policy (CPP), including the following:
- Common Policy Declarations
- Common Policy Conditions
- Coverage parts
- Describe how commercial insurance premiums are determined, including the purpose and application of package modification factors to the ISO CPP program.
Modules can be studied in any order you choose.
Cost: $24 per course (1 Professional Development Hour @ $24 per hour)
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