Course · AL

Insurance II: Risk Management and Commercial Insurance

Career and Technical Education, Alabama State Department of Education (ALSDE)

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Risk Management and Commercial Insurance is designed to help students develop knowledge and skills related to commercial insurance, including property, liability, risk management, and workers’ compensation. Students examine characteristics of commercial insurance policies, learn how to file a claim, and develop the skills needed to create a commercial insurance plan.

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Skills taught

Explain the purpose of commercial property insuranceList the advantages and disadvantages of purchasing property insurance to protect company assets from loss due to fireDemonstrate ways an insurance agent helps a business protect its financial well-beingDescribe the factors used in rating the value of business property, including building construction and usage, sizeSummarize the different types of commercial liability exposureExplain the coverages of commercial liability insurance, including Coverage A (bodily injury and property damage)Explain the factors used in rating the general liability of the businessResearch regulatory requirements for insurance companies in AlabamaExplain the role of workers’ compensation insurance and its benefits policyholdersDescribe the legal contract obligation of an insurance policyIdentify the basic principles of risk managementInvestigate, interpret, and share information on the benefits of protection for a company’s principalsBuild a commercial insurance plan for a selected businessResearch and share information on procedures an insurance agent follows to file a commercial property claimExplain the implications of unethical insurance practices in risk management and commercial insurance
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