Insurance Principles Series
Liability Loss Exposures and Insurance Course
Why you need this course:
The elements of negligence are universal principles that can be used to examine any liability loss exposure or determine liability for any claim. Liability insurance helps protect a policyholder from the financial impact of these loss exposures. This course provides you with the sources of law that underlie legal liability in the U.S. From this foundation, liability loss exposures for negligence and other torts are determined. You will learn the types of damages that a policyholder may be required to pay and how liability insurance coverage helps defend the policyholder in related legal action.
Upon successful completion of all twelve modules in this course, you should be able to:
- Distinguish among the following:
- Constitutional law
- Statutory law
- Common law
- Distinguish between criminal law and civil law.
- Explain how each of the following can be the basis for legal liability:
- Torts
- Contracts
- Statutes
- Describe the four elements of negligence.
- Describe the potential financial consequences of liability loss exposures.
- Identify the parties that may be insured by a liability insurance policy.
- Describe circumstances that create liability loss exposures.
- Describe the various types of injury or damage that are typically covered in liability insurance policies.
- Describe loss exposures typically excluded in liability insurance policies.
- Describe the costs typically covered in liability insurance policies and how these costs are determined.
- Explain the difference between occurrence basis and claims-made coverage.
- Explain how claim payments are affected by policy limits and defense cost provisions.
We recommend that you study the modules in the order presented in the course.
Cost: $48 per course (2 Professional Development Hours @ $24 per hour)
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