Business Insurance Fundamentals ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
Insurance is designed for events that are infrequent and high-loss. If events are too frequent, the cost of insurance coverage will be too expensive. If an event has small losses, there is no point in obtaining insurance coverage, since self-insurance is less expensive. Thus, insurance is intended for a very specific set of situations. In Business Insurance Fundamentals, Steven M. Bragg provides an overview of the insurance industry, including the operations and distribution systems of insurers. The course also notes the more common insurance policy terms and conditions, the types of insurance most applicable to businesses, and how to manage and account for insurance. There is a particular emphasis on managing the cost of insurance.
Highlights
Overview of Business Insurance. Types of Business Insurance. Insurance Management.
Prerequisites
None.
Designed For
CPAs, auditors, consultants, and financial and managerial professionals.
Objectives
Cite the types of insurance offered by insurers. Identify the classifications of sellers of insurance products. Note the measurements used to judge the performance of insurers. Cite the conditions needed for a risk to be insurable. Identify the reasons for the different clauses used in an insurance contract. Note the benefits and problems associated with each type of insurance. Identify the differences between the various types of life insurance. Identify the methods used to reduce the cost of insurance. Note the circumstances under which self-funded insurance might be successful.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $100.00
Member Price $87.00