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

Additional Credit Available:

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Workers Comp and Maritime Liability for the Energy Industry

Core Courses

Note: Interactive exercises within this course are best viewed on a desktop computer.

Course Description
For drilling, servicing and other contractors, the costs of on-the-job injuries and illnesses are the most significant component of total cost of risk. Much of the cost is driven by state workers compensation laws. However, many energy companies have—or may incur—operations on or near bodies of water, and their obligations to provide compensation for injured workers may stem from federal laws such as the federal Longshore and Harbor Workers’ Compensation Act, the Jones Act, or general maritime law, in addition to traditional workers compensation laws. The interaction of workers compensation insurance with state 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.  This course is designed to provide detailed information on workers compensation and employers liability insurance for energy companies.

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 energy industry;
  • identify the scope of coverage provided under the workers compensation policy and utilize this information to select appropriate recommendations for coverages needed by a given energy industry employer;
  • identify the effect of various workers compensation endorsements and identify specific coverage enhancements valuable to a given employer;
  • recognize the mechanics of the workers compensation marketplace and identify the options open to a given employer to fulfill the requirements of the workers compensation laws; and
  • recognize energy industry employments that may be subject to federal workers compensation statutes or maritime law and identify ways of insuring those exposures.

Prerequisites 

A basic understanding of the workers compensation system and coverage.

CPE Field of Study
Management Services

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.