Commercial Insurance Series
Workers Compensation and Employers Liability Insurance Course
Why you need this course:
Nearly every business with employees needs workers compensation and employers liability insurance (WC&EL). A thorough understanding of workers compensation statutes, the parts of the standard WC&EL policy, the coverage endorsements, and the rating methods will enable you to understand how this type of insurance operates, the options it offers, and how to arrange appropriate coverage to suit your customers’ needs. The coverage case study presented will help you determine how an injury or illness is covered under a WC&EL policy.
Upon successful completion of all seven modules in this course, you should be able to:
- Describe the following aspects of workers compensation statutes:
- Employers' loss exposures created by statutes
- Requirements for benefits
- Benefits provided
- Benefit administration
- Persons and employments covered
- Extraterritorial provisions
- Federal jurisdiction
- Methods for meeting the employer's obligation
- Explain how Part One of the Workers Compensation and Employers Liability (WC&EL) Insurance Policy provides the benefits required by state workers compensation laws.
- Explain why employers liability insurance is needed and how Part Two of the WC&EL policy addresses this need.
- Describe the purpose and operation of Part Three—Other States Insurance in the WC&EL policy.
- Describe the need for, and the coverage provided by, each of the following endorsements:
- Voluntary Compensation and Employer's Liability Coverage Endorsement
- Longshore and Harbor Workers' Compensation Act Coverage Endorsement
- Explain how premium bases, classifications, and premium adjustments affect the rating of WC&EL policies.
- Explain whether, and for what amount, the WC&EL policy would cover a described employee injury or illness.
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)
Contact Customer Service.