CRIS

Commercial Auto, Surety, CIPs, and Miscellaneous Lines

Course Details

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

Additional Credit Available:

Add AFIS Renewal Credit
Add ERIS Renewal Credit
Add MRIS Renewal Credit
Add MLIS Renewal Credit
Add TRIP Renewal Credit
Add Insurance CE
Add CPA CPE

Delivery Method: 

QAS Self-Study

PDF Download: 

Available

Provider of Record: 

WebCE

Field of Study: 

Specialized Knowledge

Last Reviewed: 

April 2023

Study Level: 

Intermediate

Prerequisites: 

None

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

Numerous insurance policies are usually needed to cover the risks presented by a construction project. In addition to commercial liability, workers compensation, builders risk, and umbrella liability, contractors may also need other types of insurance to cover their business exposures, such as the following. 

  • Business auto
  • Professional Liability
  • Pollution liability
  • Employment practices liability
  • Directors and officers liability
  • Fiduciary liability

Learning Objectives

Upon completion, students will be able to:

  • explain how a contractor’s insurance program is typically structured.
  • describe the coverage provided under the standard commercial auto policy with a focus on contractors.
  • explain why contractors may need coverage for professional liability, pollution liability, employment practices liability, and directors and officers liability.
  • compare and contrast the two main liability coverage triggers.
  • explain the key components of controlled insurance programs.
  • summarize when the insured contractor needs to purchase surety bonds.

Designed For

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

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

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. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.