Personal Loss Exposures and Risk Management

Level: Intermediate

Why you need this course:
After completing this course, you’ll be able to analyze an insurance policy before a loss occurs in order to ensure that the policy adequately covers the loss exposures it is intended to address.

Upon successful completion of this course, you should be able to:

• Summarize the three elements of loss exposures.
• Describe the property loss exposures that individuals and families might face in terms of each of the following:
• The assets exposed to loss
• The causes of loss
• The financial consequences of loss
• Describe the liability loss exposures that individuals and families might face in terms of each of the following:
• The assets exposed to loss
• The causes of loss
• The financial consequences of loss
• Describe the personal financial planning loss exposures that individuals and families might face in terms of each of the following:
• The assets exposed to loss
• The causes of loss
• The financial consequences of loss
• Summarize the six steps of the risk management process.
• Identify the risk control and risk financing techniques used by individuals and families.
• Explain how personal insurance is used as a risk management technique.
• Summarize the contents of the six common categories of policy provisions of a property-casualty insurance policy.
• Describe the primary methods of insurance policy analysis.

Cost: $20 per Professional Development Hour (PDH). Information on PDHs provided can be found here.

Personal Loss Exposures and Risk Management Topics Include:

• Elements of loss exposures
• Property loss exposures that individuals and families might face in terms of assets exposed to loss, causes of loss, and financial consequences of loss
• Liability loss exposures that individuals and families might face in terms of assets exposed to loss, causes of loss, and financial consequences of loss
• Personal financial planning loss exposures that individuals and families might face in terms of assets exposed to loss, causes of loss, and financial consequences of loss
• The six steps of the risk management process
• The risk control and risk financing techniques used by individuals and families
• How personal insurance is used as a risk management technique
• The six common categories of policy provisions of a property-casualty insurance policy
• The primary methods of insurance policy analysis

Additional Learning Course Resource

• Try a demo of Institutes Online learning

Additional Knowledge Solutions

• View The Institutes’ full catalog
• See all The Institutes’ offerings

E-mail: customerservice@TheInstitutes.org

Phone: (800) 644-2101

Fax: (610) 640-9576

Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.