A complete course of study providing education and training to allow the student, to learn how to complete a thorough investigation of a third-party liability claim and how to evaluate the claim against the insured to resolve the claim to the satisfaction of an insurer and the insured. It also provides a representation of an insured to be aware of what is required of an insured to allow an insurer to complete a thorough investigation to obtain the defense and indemnity promised by the policy.
The Course covers the following:
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The need for a thorough claims investigation.
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How to conduct a thorough claims investigation.
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Understanding the damages available to a claimant who believes he or she was injured by the insured’s negligence.
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What is required to complete a thorough investigation.
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Why the insured is required to assist the insurer in completing a thorough investigation.
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Why it is essential that the claims person evaluates the potential liability of the insured.
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Understanding the various types of special and general damages.
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Liability and comparative negligence.
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The importance of venue and jurisdiction.
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Understanding the importance of the plaintiff and defendant and their lawyers.
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Dealing with the importance of the nature of the injuries.
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Understanding the importance of judicial review.
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Consideration for an early settlement.
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The duty owed by the insurer to the insured.
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The duty of the insured to the insurer.
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Use of experts.
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The Independent Medical Exam.
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Settlement Negotiations.
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Alternative dispute resolution.
Learning Objectives
- Discover what a thorough investigation is.
- Identify how liability insurers deal with claims presented by their insureds for defense and indemnity of a third-party liability claim.
- Identify the various means by which an insurer evaluates the claims of damage by the claimant.
- Discover that it is the duty of the insurer to deal fairly with the insured and resolve all claims that can be resolved short of trial.
- Discover the availability of alternative dispute resolution methods to resolve a claim.
- Discover that the insurance professional is an expert in investigating and resolving third-party liability claims.
- Understand, the various approaches to resolving a claim or suit against the insured.
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Prerequisites
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.