While the focus for transportation companies usually is on the liabilities and insurance coverages that arise from the risks specific to their operations, i.e., operation of land vehicles, aircraft, watercraft, and trains, these companies also face other liabilities arising from business-related activities similar to other businesses, such as maintenance of business premises, activities of employees on and away from those premises; advertising, sales, and marketing operations; and maintenance of an Internet presence. These latter loss exposures can usually be addressed by purchasing general liability insurance, just as non-transportation businesses do. This course identifies the risks to which the companies can be exposed and the various forms of liability insurance that can provide protection from liability claims.

Upon completion, students will be able to:

• recognize the relationships between general liability insurance and other transportation-related liability insurance, such as commercial auto, marine liability, or railroad protective liability insurance;
• distinguish between the types of losses covered and excluded by a standard commercial general liability (CGL) policy and how to address critical exclusions;
• recognize the importance of railroad protective liability, marine liability, and aviation liability coverages as a risk transfer tool; and
• recognize the important role of excess and umbrella insurance in protecting transportation companies against large liability losses