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Enrolled:
31
Duration: 1.5 Hours
Level: Foundational
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No business can operate profitably without insurance to protect it against contingent or unknown catastrophic losses. By spreading the risk among many businesses, insurers can charge reasonable sums to protect against losses to the business or its real and personal property.

In this course an internationally recognized insurance coverage lawyer, author, consultant and expert witness explains why and how insurance policies provide protection for your business. A business person with the ability to read and understand the insurance policies they acquire has an advantage over every other business person who cannot read and understand a such policies.

Learning Objectives

  • Explore the intricacies of insurance contract formation.
  • Explore the meaning of each portion of the insurance policy.
  • Identify each coverage available to your business.
  • Discover how insurers negotiate the terms of a policy.
  • Discover the existence and availability of more favorable terms, conditions, and limitations on the insurance you acquire.

10 Reviews (18 ratings)Reviews

5
Anonymous Author
Great course to wrap my head around insurance policies!
5
Member's Profile
Good legal background about insurance policies as contracts.
5
Anonymous Author
Good basic information.
4
Anonymous Author
A very well thought out basic review. Hopefully there are plans for an intermediate level course.
4
Member's Profile
Good course. Manner in which ambiguous terms are dealt was a surprise. Any person responsible for the review of insurance contracts should take this course.
4
Anonymous Author
Good basic course, very slow
5
Member's Profile
Course takes the anxiety out of reading and understanding an insurance policy. this was really helpful
4
Member's Profile
Good review of insurance contracts
5
Anonymous Author
Good reminder on limitations, warranties and representations.
5
Member's Profile
The idea that policies must be written in simple language was new to me. Also, that courts follow the "contra preferendum" rule favoring the insured. Lots of good insights were provided.

Prerequisites

No advanced preparation or prerequisites are required for this course.

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 ext. 106, or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:37The Need for Insurance
CONTRACT
  7:22The Contract
  15:45The Insurance Contract
First Party Property Insurance
  7:39The First Party Property Insurance Policy
  13:26The First Party Property Insurance Policy Cont.
Reading The Policy & Additional Insurance
  8:16Reading The Policy
  8:29The Standard Fire Policy
  3:53The Business Owners' Policy
Continuous Play
  1:09:40How To Read & Understand Typical Business Insurance Policies
SUPPORTING MATERIALS
  PDFSlides: How To Read & Understand An Insurance Policy
  PDFHow To Read & Understand An Insurance Policy Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM