Commercial Liability Insurance for the Energy Industry

Overview

The energy industry shares common exposures with other industries but also faces unique risks. This course examines the three coverage parts of the commercial general liability (CGL) policy, focusing on insuring agreements, key provisions, conditions, and exclusions. It reviews endorsements that modify coverage and concludes with a discussion on umbrella liability insurance for energy companies.

Find this course for your license

License or Certification

Regulator

Learning Objectives

identify the major categories of insurable liability risk faced by energy industry companies and explain how each is covered by the standard CGL policy;
identify examples of (1) “bodily injury” and (2) “property damage” and differentiate “bodily injury” from “personal injury”;
identify the scope of the CGL exclusions, such as contractual liability, pollution, professional services, and underground resources and equipment, and explain when they do and do not apply to claims;
recognize the significance of “insured” status to the availability of coverage under a standard CGL policy and differentiate between a named insured, an automatic insured, and an additional insured under the standard CGL policy

Designed For:

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

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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.

Prerequisites:	A basic understanding of commercial liability exposures and insurance coverage
Advanced Preparation:	None

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