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Fri, May 24th: 7:00am-7:00pm CST | Sat, May 25th: 10:00am-3:00pm CST | Sun May 26th - Mon May 27th: Closed

We will resume our regular hours of 7:00am-7:00pm CST on Tues May 28th, Online catalogs and course delivery will be available without interruption.

ERIS

Commercial Liability Insurance for the Energy Industry

Course Details

price
$149.00
This course is not subject to discount pricing.

Additional Credit Available:

Add AFIS Renewal Credit
Add CRIS Renewal Credit
Add MRIS Renewal Credit
Add MLIS Renewal Credit
Add TRIP Renewal Credit
Add Insurance CE

Delivery Method: 

QAS Self-Study

PDF Download: 

Available

Provider of Record: 

WebCE

Field of Study: 

Specialized Knowledge

Access Period:

12 months

Exam Requirements

Proctor Required: 

No

Passing Grade: 

70%

Questions: 

50

Retakes: 

Unlimited

Please note: Adding Additional Credit may change exam requirements.

Overview

While the energy industry has most of the same exposures as all industries, it also faces some unique exposures. This course will examine each of the three coverage parts of the commercial general liability (CGL) policy with a focus on the insuring agreements, key policy provisions and conditions, and exclusions. It will then review the various endorsements that can be attached to the policy to broaden or restrict the scope of coverage or otherwise alter the basic policy terms and conditions. The course concludes with a brief discussion of umbrella liability insurance for energy industry companies.

Learning Objectives

Upon completion, students will be able to:

  • identify the major categories of insurable liability risk faced by energy industry companies and explain how each is covered by the standard CGL policy; 
  • identify examples of (1) “bodily injury” and (2) “property damage” and differentiate “bodily injury” from “personal injury”;
  • identify the scope of the CGL exclusions, such as contractual liability, pollution, professional services, and underground resources and equipment, and explain when they do and do not apply to claims;
  • recognize the significance of “insured” status to the availability of coverage under a standard CGL policy and differentiate between a named insured, an automatic insured, and an additional insured under the standard CGL policy

Designed For

Property and casualty risk, safety, insurance, and finance professionals

Prerequisites

A basic understanding of commercial liability exposures and insurance coverage is needed.
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.

Advanced Preparation

None

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