Course Information

CRIS

Umbrella Liability Insurance for Contractors

Overview

The litigious nature of American society arguably makes a commercial umbrella policy the most important kind of insurance policy that a business can purchase. But umbrella policies are unique in that they provide coverage after a primary policy has been exhausted by the payment of claims. This course examines various coverage concepts that are unique to umbrella policies, such as the scope of coverage provided by an umbrella policy insuring agreement; common limitations and restrictions imposed on contractors; and the conflicts between construction contract provisions and umbrella policy conditions.

Summary Details

Hours

6.0

Price

$149.00

This course is not subject to discount pricing.

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AFIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

ERIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

MRIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

MLIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

TRIP ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

INS ^{Add Insurance CE Credit to Your Course
Add insurance continuing education credit to your course for only a small additional charge. States where the course is approved will appear in the drop down menu. Once the state is selected you will then see the approved credit hours and fee. Ordering at the time of purchase will allow you to complete one exam and receive certificates of completion for each of the state credits added. Credits will be reported upon completion, where we report according to our reporting schedule for the state where credits are approved.}

Learning Objectives

Identify reasons why contractors need umbrella coverage
Recognize the structure and key functions of umbrella coverage
Recognize the scope of coverage provided by an umbrella policy insuring agreement and the significance of common conditions, limitations, and restrictions
Identify conflicts between construction contract provisions and umbrella policy conditions; and
Given relevant information, recognize coverage gaps between umbrella policies and underlying policies and identify possible remedies

Designed For:

Property and casualty insurance agents, risk, safety, and finance professionals

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA)as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Access Period:	12 months
Prerequisites:	None
Advanced Preparation:	None
Delivery Method:	Self-Study
PDF Download:	Available
Provider of Record:	WebCE
Field of Study:	Specialized Knowledge
Approved For:	Renewal

Exam

Proctor:	No
Passing Grade:	70
Questions:	50

At WebCE, we are passionate about delivering exceptional professional development solutions. With world-class customer support and education to serve multiple professions, we're here to help professionals reach their career goals.

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