Professional and Management Liability: Exposures and Insurance Coverage


This course is designed to give insurance producers an overview of the legal liability exposures to which professionals (e.g., doctors, lawyers, accountants) and managers (e.g., directors and officers, supervisory personnel, trustees) are subject. The course also offers a summary of the provisions found within the different insurance policies that have been designed to cover these exposures. It concludes by discussing the distinctive loss control, underwriting, claims management, and marketing issues pertaining to these coverages.

Learning Objectives

Upon successful completion of this course, students will be able to

  • analyze the nature and sources of the legal liability to which professionals and executives are subject
  • identify and classify the many different types of policies available to cover the legal liability exposures professionals and executives generate
  • describe the key policy provisions that are common to most types of PL and ML insurance policies
  • cite the crucial factors used by underwriters to price coverage and determine PL and ML policy terms and conditions
  • identify the leading methods used to control the legal liability exposures to which professionals and executives are subject
  • state and discuss the unique issues and considerations associated with the PL and ML claims handling process

Designed For

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

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