Understanding Construction Insurance Rates and Premiums

Overview

Understanding how commercial property and casualty rates are developed is crucial for creating cost-effective insurance programs for contractors. This course covers rating techniques for commercial auto, general liability, workers compensation (including experience and retrospective rating), and commercial property insurance. It also offers tips to control or reduce premiums without sacrificing coverage.

Find this course for your license

License or Certification

Regulator

Learning Objectives

Explain how insurers develop premiums for the types of property and casualty insurance that contractors buy
Avoid the most common mistakes made in determining the premiums for each major line of insurance contractors buy
Outline how information provided to underwriters affects the ultimate premiums paid and the importance of getting it right

Designed For:

Property and casualty insurance agents, risk, safety, 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.

Advanced Preparation:

None

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