Liability insurance

Course description

This course covers analyzing liability risks, policy wording for liability risks, underwriting liability risks, providing a quote, negotiating with brokers, reviewing and interpreting portfolio performance.

Course objectives

1. To understand the different liability risks and the insurance policies
2. To understand the concept of liability and its types
3. To appreciate the different underwriting of liability insurance policies
4. To describe the problems and challenges of liability insurance application and how to address them

Learning Outcomes

Upon completion of the program, participants should be able:

1. To analyze liability risks under the different policies and policy wording for liability risks
2. To underwrite liability risks under the product liability insurance
3. To underwrite liability risks under the professional liability insurance policy
4. To identify the Workers Compensation and employer's liability insurance policy

Further reading

Bennett, B., E., Bryant, B., K., VandeBos, G., R., & Greenwood, A. (1990). American Psychological association.

Philipa X. Girling " Operational management: A complete Guide to a successful operational risk framework ", 2017, 1st edition, Wiley

Hamilton, K., l. (1999). Personal insurance: Property and liability. Amer Inst for Chatered. ISBN13: 978

Long, J., & Gregg, D. (1974). Property and liability insurance. Richard D. Irwin.

Nalecki, D. S., et al, (2008). Commercial liability risk management and insurance. (7th ed.). AICPCU.

Richard, J., Masters, L., S., & Stanley, P. (2011). Liability insurance in international arbitration (2nd ed.). Bloomsbury publishing PLC.

Vanderhoof, I, & Altman, E. (1998). The fair value of insurance liabilities. springer.

Welson, J., B. (1947). Public liability insurance (5th ed.). Buckley press.

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