Insurance for Small Businesses

Overview

BOPs are to commercial insurance what homeowners policies are to personal insurance, offering broad coverage for small businesses’ property and liability exposures. However, they often don’t cover all needs, such as auto liability, workers compensation, professional liability, and umbrella liability. This course covers the insurance needed to address small business property and liability exposures.

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License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • identify the types of small businesses eligible for businessowners insurance
  • explain the property and liability coverages provided by a standard Insurance Services Office, Inc. (ISO), BOP
  • explain the property and liability coverage provided by a standard American Association of Insurance Services (AAIS) BOP
  • summarize the common conditions of ISO and AAIS BOPs
  • describe the coverage available to a small business under an ISO business auto policy (BAP)
  • describe the coverage available to a small business under a workers compensation and employers liability policy
  • describe the coverages available to a small business under commercial umbrella and professional liability policies

Designed For:

Property/casualty insurance producers; adjusters, and risk managers


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.