Level: Beginner
Why you need this course:
After completing this course, you�ll have a basic understanding of 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 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:
- 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.
Cost: $20 per Professional Development Hour (PDH). Information on PDHs provided can be found here.
Liability Loss Exposures and Insurance Topics Include:
- Constitutional law
- Statutory law
- Common law
- Criminal law and civil law
- How torts, contracts, and statutes can be the basis for legal liability
- Four elements of negligence
- Potential financial consequences of liability loss exposures
- Parties that may be insured by a liability insurance policy
- Circumstances that create liability loss exposures
- Various types of injury or damage that are typically covered in liability insurance policies
- Loss exposures typically excluded in liability insurance policies
- Costs typically covered in liability insurance policies and how these costs are determined
- The difference between occurrence basis and claims-made coverage
- How claim payments are affected by policy limits and defense cost provisions
Additional Course Resources
Additional Knowledge Solutions
E-mail: customerservice@TheInstitutes.org
Phone: (800) 644-2101
Fax: (610) 640-9576
Mail: The Institutes
720 Providence Road
Suite 100
Malvern, PA 19355-3433
Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.
