OVERVIEW AND TOPICS


Every insurance agency should establish coverage standards to better serve their clients. Coverage standards include needed coverages and endorsements and avoided endorsements. In this session, participants will review and examine the specific insurance provisions of the Commercial General Liability Policy, Business Auto Policy Coverage Form, Workers Compensation and Employers Liability Insurance Policy, Commercial Umbrella Liability Policy, Commercial Property Policy, and Commercial Crime Policy. They will discuss coverages provided in each policy, as well as endorsements that may be needed to further tailor coverages to the specific exposures.
Certificates of insurance and the related issue of additional insureds are often sources of confusion and E&O claims for the insurance professional. In this session, insurance professionals will discuss additional insureds in-depth – types of insureds, how they work, how coverage is limited, and common problems that can arise. They will gain a better understanding of how the named insured status relates to commercial general liability, business auto, and property insurance. For each policy type, they will discuss why an additional endorsement may be needed and the impact on the coverage. They will learn the importance of a certificate of insurance and how to use it properly. Using specific ACORD certificate of insurance forms (ACORD 24, 25, 23, 27, and 28), they will examine the purpose of the certificate, critical things to consider before issuing a certificate, how to properly use certificates of insurance, and identify ways to avoid some of the common problems and errors.
Participants will analyze typical provisions in leases for both personal and real property. They will understand the lessee’s responsibility for damages in both the property and casualty areas. They will also understand the hold-harmless agreement and be able to select endorsements needed to protect for both property and casualty.
Participants will learn how mergers and acquisitions work and the liability that stays with the seller or flows to the buyer. They will examine the theories of successor liability, discuss the issues that a risk manager should consider, and analyze the impact of the merger and acquisition on insurance policies. They will review policies that attempt to treat this exposure.

COURSE DETAILS


DURATION
16 Hours

PRICE
$460

FORMAT
Classroom

CE CREDIT
Varies by State

INSTRUCTION LEVEL
Master

FINAL EXAM
No Exam

EVENT LOCATION


To Be Determined - Seattle Area

UNKNOWN ADDRESS
Seattle, WA
98188



FACULTY BIO


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