MRIS

Property and Business Interruption Insurance for Manufacturers

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 ERIS Renewal Credit
Add MLIS Renewal Credit
Add TRIP Renewal Credit
Add Insurance CE

Delivery Method: 

Self-Study

PDF Download: 

Available

Provider of Record: 

WebCE

Last Reviewed: 

February 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

Every manufacturer faces a variety of risks. This course deals primarily with the risks of direct loss or damage to a manufacturer's real and personal property, as well as the loss of income and extra expenses that invariably accompany a direct property loss, and how those risks may be insured.

Learning Objectives

  • Describe and explain the relevance of common variations among commercial direct damage and time element property insurance policy provisions
  • Describe and explain the relevance of key coverage alternatives available under commercial insurance policies that provide coverage against employee dishonesty, flood, and earthquake
  • Describe the purpose and function of DIC policies and explain how they differ from basic all-risk policies
  • Explain how HPR properties and HPR property insurance policies differ from other properties and policies
  • Explain the coverage features and coverage alternatives found in HPR insurance policies providing direct property damage and time element coverage
  • Describe key factors affecting the cost of a manufacturer's commercial property insurance, and identify various approaches to minimizing isurance costs

Designed For

Property and casualty insurance professionals in all stages of their career
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.