Course Details
hours
0.0
price
$99.00
This course is not subject to discount pricing.
  • Course:
  • Internet
  • Exam:
  • Internet

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Workers Compensation for Contractors

Core Courses >> IRMI Core

Course Description
The interaction of workers compensation insurance with state workers compensation and federal workers compensation laws is unique in the insurance industry, and changes in these acts or the regulations implementing them have profound effects on the insurance line. Since this is the most costly property and casualty insurance coverage for most contractors, the insurance products and methods of handling this risk have evolved and grown accordingly.

This course -Workers Compensation for Contractors- is designed to provide detailed information on workers compensation and employers liability insurance. It begins with an introduction to workers compensation, reviews the workers compensation policy itself, provides an overview of the various ways workers compensation insurance is purchased and alternatives to insurance, explains WC rating, and reviews the various steps of the WC experience rating process.

Learning Objectives
This is an intermediate level self-study course. Students who successfully complete this course will be able to:      

  • Understand how the workers compensation system evolved and how its laws and regulations apply to the construction industry.
  • Describe the scope of coverage provided under the workers compensation policy and utilize this information to make recommendations for coverages needed by contractors.
  • Comprehend the mechanics of the workers compensation marketplace and be able to evaluate the options open to a contractor to fulfill the requirements of the workers compensation laws.
  • Explain the technicalities of workers compensation premium calculation and educate contractors about how workers compensation risks are rated, and analyze factors that can influence the final and long-term price that contractors pay for guaranteed cost programs.

Prerequisites
There is no required prerequisite or advance preparation for this course.

CPE Field of Study
Management Services/Risk Management

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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.