Minding the Gaps in Commercial Lines Insurance

Study Level: Advanced
Delivery Method: Online self-study
Provider of Record: WebCE
Field of Study: Specialized Knowledge, Commercial Insurance Lines
Prerequisites: A familiarity with all major lines of commercial property and liability insurance

Course Description
This course examines the many gaps that can occur between an organization’s loss exposures and its insurance coverage. The course also describes various steps that an organization can take to prevent injury from falling into a coverage gap.

Most of the coverage gaps that are identified and discussed in this course are drawn from comments posted in the International Risk Management Institute, Inc. (IRMI), LinkedIn group as well as from research conducted by the IRMI research team. They are not an academic exercise—they are real, and they exist in many commercial lines insurance programs. This course is a practical guide for identifying and closing common coverage gaps. Any risk manager, risk management consultant, agent, or broker who masters and applies the knowledge in this course will, as a result, become more effective in protecting the organizations he or she serves by minding the gaps in coverage.

Course Objectives
Upon successful completion of this course, students should be able to:

  • in a given case, identify common coverage gaps in commercial auto, general liability, workers compensation, umbrella liability, D&O, management liability, property, time element, inland marine, and crime insurance programs
  • recognize the issues that lead to coverage gaps
  • identify pertinent coverage gaps in an organization’s insurance program
  • recognize how and why coverage gaps arise
  • select appropriate alternatives to close the gaps by making an appropriate change to the policy containing the gap or choosing an additional form of insurance to cover the gap


WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

By IRMI

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference services. IRMI publications are considered the ultimate authority by leading insurance practitioners and even federal appellate courts when interpreting insurance coverage. Use the knowledge you gain from IRMI CE courses with confidence, knowing they are written by seasoned insurance professionals who employ diligent quality assurance standards to provide the most up-to-date, practical, and reliable information possible.

Find Courses Now