CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Business Insurance Fundamentals

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
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

Course ID
3158023
Revision Date
September 24, 2019
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

Business Insurance Fundamentals

Expert Instructors
Format
CPE CREDITS
3 Credits: Finance

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
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

Course ID
3158023
Revision Date
September 24, 2019
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

Business Insurance Fundamentals

Expert Instructors
Format
CPE CREDITS
3 Credits: Finance

$87.00$107.00

Clear