Liability Insurance: Policy Acquisition Procedure

Business - Barry Zalma

This course gives a clarification of what risk protection is and how a partnership can obtain obligation protection to ensure it. A company needs insurances from potential dangers because of cases of substantial damage; property harm; or, different occasions called individual damage. Assurance of obligation is increased using a protection operator, and protection dealer, managing an immediate written work safety net provider or by utilization of the ability of a corporate utilized or free hazard administrator.

This course covers the following:

  • How to purchase a third-party liability policy.
  • Understanding the coverages provided by a third-party liability policy.
  • The use of an insurance agent to acquire insurance.
  • The use of an insurance broker to acquire insurance.
  • The availability of direct writing insurers to acquire coverage.
  • The use of a risk manager to acquire the proper and needed insurance.

 

 

Learning Objectives:

 

  • Identify how to acquire liability insurance.
  • Recognize the efforts of insurance agents, brokers and risk managers in the acquisition of insurance.
  • Explore how to provide sufficient information to an insurance agent or broker to obtain appropriate insurance coverage.
  • Recognize how to use the services of an agent or broker to obtain appropriate insurance.
  • Explore how to use in-house or independent risk managers to obtain appropriate insurance.
  • Explore how liability insurance is acquired.
  • Identify the types of liability insurance the corporation needs.
  • Recognize the importance of liability insurance.
  • Recognize the obligation to truthfully disclose information when applying for insurance.

Instructor

Barry Zalma

Insurance Expert

Barry Zalma, Esq., CFE, has practiced law in California for more than 42 years as an insurance coverage…

Training 5 or more people?

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What will you cover?

  •   Introduction 00:08:14
  •   Coverages 00:06:30

Instructor

Barry Zalma

Insurance Expert

Barry Zalma, Esq., CFE, has practiced law in California for more than 42 years as an insurance coverage…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business
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