This is a complete course of study providing education and training which allows the student, after completing the second presentation, to understand how liability insurance policies come into existence, how they are acquired, and how to read and understand the Commercial General Liability Insurance policy and the Commercial Automobile Insurance policy.

The presentation is the second in the program to become certified as an Expert in Corporate Liability Insurance.  The course covers everything a person in business needs to understand a critically important aspect of managing the risk faced by a business: how to use insurance to transfer risk to an insurance company; how to work with a commercial liability insurance expert to deal with risks of loss; and, when a claim is made or suit is filed against the company, how to deal with that risk. After completion of this second course, users are able to obtain, read, and understand a liability insurance policy before it is necessary to ask the insurer to defend or indemnify the insured.

This course covers the following:

1. How a commercial liability policy comes into effect.
2. How to read and understand a third-party liability insurance policy.
3. How to understand that an insurance policy is a contract.
4. Why a company needs a commercial liability insurance policy.
5. The purpose of the application for insurance.
6. The offers made by insurers to prospective insureds.
7. The acceptance of an offer of insurance or a counter offer.
8. The importance of paying the premium – consideration – to effect the insurance policy.
9. The need and ability to understand an Insurance Contract.
10. The Third-Party Liability Insurance policy.
11. The Commercial Liability Insurance policy.
12. The Commercial Auto Liability policy.