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Secure Transaction Business Insurance Fundamentals
Format
Self-Study
Course Level
Overview
CPE Credits
3 Credits: Finance
Course Description
Insurance is designed for events that are infrequent and high-loss. If events are too frequent, the cost of insurance coverage will be too expensive. If an event has small losses, there is no point in obtaining insurance coverage, since self-insurance is less expensive. Thus, insurance is intended for a very specific set of situations. In Business Insurance Fundamentals, Steven M. Bragg provides an overview of the insurance industry, including the operations and distribution systems of insurers. The course also notes the more common insurance policy terms and conditions, the types of insurance most applicable to businesses, and how to manage and account for insurance. There is a particular emphasis on managing the cost of insurance.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Cite the types of insurance offered by insurers.
- Identify the classifications of sellers of insurance products.
- Note the measurements used to judge the performance of insurers.
- Cite the conditions needed for a risk to be insurable.
- Identify the reasons for the different clauses used in an insurance contract.
Chapter 2
- Note the benefits and problems associated with each type of insurance.
- Identify the differences between the various types of life insurance.
Chapter 3
- Identify the methods used to reduce the cost of insurance.
- Note the circumstances under which self-funded insurance might be successful.
Course Specifics
3158023
July 31, 2023
There are no prerequisites.
None
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 250 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
