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Duration: 1 Hour
Level: Intermediate
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This course provides an explanation of what liability insurance is and how a corporation can acquire liability insurance to protect it. A corporation needs protections from potential risks as a result of claims of: bodily injury; property damage; or, various events called personal injury. Protection from liability is gained through the use of an insurance agent, and insurance broker, dealing with a direct writing insurer or by use of the expertise of a corporate employed or independent risk manager.  

This course covers the following:

  1. How to purchase a third-party liability policy.
  2. Understanding the coverages provided by a third-party liability policy.
  3. The use of an insurance agent to acquire insurance.
  4. The use of an insurance broker to acquire insurance.
  5. The availability of direct writing insurers to acquire coverage.
  6. 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.


No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 ext. 106, or send an e-mail to .
Course Syllabus
  8:14Introduction to Course 1: How to Acquire A Policy of Third Party Liability Insurance
  9:02Use of an Insurance Agent or Broker
  8:50Using an Insurance Broker
  10:44Using an Insurance Broker (Continued)
  9:04Offers, Application and Policy
  59:23How to Acquire a Policy of Third Party Liability Insurance
  PDFSlides: How to Acquire a Policy of Third Party Liability Insurance
  PDFHow to Acquire a Policy of Third Party Liability Insurance Glossary/Index