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.
Last updated/reviewed: August 13, 2023

Included In Certifications

This course is included in the following Certification Programs:

15 CoursesCorporate Liability Insurance Certification

  1. Corporate Liability Insurance: Excellence in Claims Handling
  2. How to Acquire a Policy of Third Party Liability Insurance
  3. How to Read and Understand a Liability Insurance Policy
  4. The Necessity For An Honest And Complete Application For Insurance
  5. The Basics of the Law of Contracts for the Insurance Professional
  6. The Law of Torts
  7. Ethics for the Corporate Liability Insurance Professional
  8. The Covenant of Good Faith and Fair Dealing
  9. Interviewing Techniques For The Corporate Liability Insurance Professional
  10. Corporate Liability Insurance Fraud Prevention
  11. Corporate Liability Insurance: Rescission - An Equitable Remedy
  12. The Duties Of An Insured Presenting A Third Party Bodily Injury and Property Damage Claim
  13. The Statement And the Investigation of Third Party Liability Insurance Claim
  14. Compliance with Good Faith Settlement Practices Regulations
  15. Corporate Liability Insurance: Millions For Defense Not A Dime For Tribute
Course Complexity: Intermediate

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
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Course 1: How to Acquire A Policy of Third Party Liability Insurance8:14
  Coverages 6:30
  Use of an Insurance Agent or Broker9:02
  Using an Insurance Broker8:50
  Using an Insurance Broker (Continued)10:43
  Offers, Application and Policy9:03
  How to Acquire a Policy of Third Party Liability Insurance 59:23
  Slides: How to Acquire a Policy of Third Party Liability InsurancePDF
  How to Acquire a Policy of Third Party Liability Insurance Glossary/IndexPDF