Course ID: | RMIN 5100S. 3 hours. |
Course Title: | Commercial Property and Liability Insurance |
Course Description: | Property and liability risks and the effective management of
these risks with insurance. Application of property insurance
to pure risk exposures, including direct and indirect property
and liability insurance to general business liability and
catastrophic liability risks. Current topics in commercial
property and liability insurance. Service-learning group project. |
Oasis Title: | Commercial Prop and Liab Insur |
Duplicate Credit: | Not open to students with credit in RMIN 5100 |
Nontraditional Format: | This course includes a service-learning project during the
semester that either employs skills or knowledge learned in the
course or teaches new skills or knowledge related to course
objectives. Student engagement in the service-learning component
will be up to 25% of overall instruction time. |
Prerequisite: | RMIN 4000 or RMIN 4000H or RMIN 4000E |
Semester Course Offered: | Offered every year. |
Grading System: | A-F (Traditional) |
|
Course Objectives: | This course will cover the approaches to dealing with property
and liability risks and the effective management of these risks
with insurance. This includes understanding the application of
property insurance to pure risk exposures, including direct and
indirect property and the application of liability insurance to
general business liability and catastrophic liability risks. The
course also addresses current topics in the field of commercial
property and liability insurance. This course also includes a
service-learning component. Students contact an actual small
business in the Athens or Atlanta area and request permission to
conduct an insurance audit and risk review for the business.
The students review the business’s existing insurance contracts,
its risk profile, and make recommendations to the business for
additions and changes to its coverage and risk management
practices. This project is designed to give each student real-
world experience in Risk Management and Insurance. Each student
is expected to actively participate in his or her group as this
project will offer some interesting insights into the industry
and will provide important recommendations to the business. As a
group, the students consider the specific needs of this
business, its loss control and its loss financing (including a
complete analysis of the insurance policies). |
Topical Outline: | Topic# Topic Description
1 Commercial Property Risk Management
2 Overview of Commercial Property Loss Exposures and
Coverages
3 Overview of Commercial Liability Loss Exposures and
Coverages
4 Reading an Insurance Policy
5 Building and Personal Property Coverage
6 BPP Coverage Options
7 Covered Causes of Loss
8 Business Income Exposures and Coverage
9 Liability Loss Exposures
10 Commercial General Liability Insurance
11 Businessowners' Insurance
12 Commercial General Liability Insurance Claims-Made
Form
A service-learning group project is included. |