Fundamentals of Insurance
Now updated to reflect the changing landscape of managing risk through the financial transfer we call 'insurance.' While the fundamentals of insurance remain largely the same, how they are applied in this new world of new risks requires creativity and flexibility. This updated program will help you to understand and apply new policy language and new coverages.
How You Will BenefitBy attending this workshop, professionals and risk managers will:
- Mitigate risks by more effectively using insurance as a key risk management tool
- Evaluate current insurance carriers against key ratios set by industry to ensure cost efficiency
- Assess insurance options to determine the appropriate amount of coverage for the organization
- Gain the insight needed and learn best practices to improve insurance programs
Who Should Attend
New risk managers or those looking to refresh their insurance knowledge, claims personnel, loss control professionals, controllers, treasurers, legal counsel and individuals who have added insurance administration to their responsibilities. Employees in all sectors will benefit from this extensive introduction to insurance.
What You Will Cover
- New: Aligning insurance programs with company strategy
- Definitions of insurance applications and basic insurance
- Financial structure of insurance companies
- Legal principles and contract construction
- New: Types of policies, including: casualty, property, workers’ compensation, professional liability, transportation, crime and surety bonding
- Case studies
- New: Interactive exercises
- Insurance coverage analysis worksheet
- Policy summary templates
- Sample policies
We suggest that you register on-line for quick registration. If you are mailing us a check or doing a bank transfer, you need to fax us a copy of the registration form in order to hold your seat in the program. Registration is not guaranteed until we receive payment. If you wish to participate in a RIMS course, the registration fee needs to be received by RIMS before the first day of the course.
If you register by mailing a check or doing a bank transfer, you will be accepted as long as the program is not sold out when we receive your payment.
International Attendee Information/Travel Visas- APPLY EARLY! Visa applicants are advised to apply to the consulate as soon as they decide to attend a program. We suggest at least four months in advance to allow enough time for the visa approval process to take place.
Since registrations will be limited, we suggest registering as soon as possible.
If you have any questions or need additional information, please contact through our online contact form.
Cancellations and Refunds
RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded. RIMS is not responsible for any travel or lodging expenses that an attendee may incur due to such a cancellation. Before purchasing your airline ticket, please confirm with RIMS (pd@RIMS.org) that there are enough registrations to conduct the program.
All requests for refunds or changes must be submitted in writing. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.