Core Courses

Workers Compensation for Contractors

Course Details

This course is not subject to discount pricing.

Additional Credit Available:

Optional Insurance CE
Optional CPA CPE

Delivery Method: 


PDF Download: 


Provider of Record: 


Field of Study: 

Management Services

Last Reviewed: 

March 2019



Exam Requirements

Proctor Required: 


Passing Grade: 






Please note: Adding Additional Credit may change exam requirements.


Course Description

he 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:

  • recognize how the workers compensation system evolved and how its laws and regulations apply to the construction industry
  • recognize the scope of coverage provided under the workers compensation policy and utilize this information to select appropriate recommendations for coverages needed by a given contractor
  • analyze the various endorsements available for attachment and identify specific coverage enhancements valuable to a given contractor
  • recognize the mechanics of the workers compensation marketplace and identify the options open to a given contractor to fulfill the requirements of the workers compensation laws
  • recognize how workers compensation risks are rated, and identify the factors that can influence the final and long-term price that contractors pay for guaranteed cost programs
  • compare and contrast incurred loss and paid loss retrospective plans, select the appropriate plan to a contractor contemplating the use of a retro plan, and evaluate both small and large deductible programs to determine if either program is a viable option for a given construction risk
  • recognize how an experience modifier is calculated and consequently be able to recognize how experience rating affects a contractor’s premium

A basic understanding of the workers compensation system and coverage.

CPE Field of Study
Management Services

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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.