Every business needs insurance to mitigate its exposure to risk. This course is designed to enhance your knowledge of business insurance management by providing an overview of the insurance industry, including the operations and distribution systems of insurers. It also includes a discussion of the more common insurance policy terms and conditions, and how to manage and account for insurance. Finally, this course also includes a particular emphasis on managing the cost of insurance.
Insurance distribution and analysis. Insurer operations, financial performance, and pricing. The insurable interest concept. Claims and losses. Insurance management, claim problems and administration. Accounting for insurance.
CPAs, auditors, consultants, and financial and managerial professionals.
Recognize the types of insurance offered by insurers. Identify the classifications of sellers of insurance products. Specify the measurements used to judge the performance of insurers. Recognize the conditions needed for a risk to be insurable. Identify the reasons for the different clauses used in an insurance contract. Recognize the methods used to reduce the cost of insurance. . Specify the circumstances under which self-funded insurance might be successful.
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
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 $113.00
Member Price $98.00