Discipline: Business Degree Credit  [X]
Non Credit  [ ]
Nondegree Credit  [ ]
Comm Service  [ ]
 

Riverside Community College District
Integrated Course Outline of Record

Business 64


COURSE DESCRIPTION
64 Commercial Insurance Principles Units: 3.00
 
Prerequisite: None.
 
Basic introduction to Commercial Insurance including commercial property insurance, business income insurance, commercial crime insurance, equipment breakdown insurance, inland and ocean marine, insurance, commercial general liability insurance, commercial automobile insurance, business owners policies and farm insurance, worker’s compensation and employer’s liability insurance. 54 hours lecture.
 
SHORT DESCRIPTION FOR CLASS SCHEDULE
The fundamentals of commercial insurance including commercial property, business income, equipment breakdown, general liability, commercial automobile, and workers compensation insurance coverage.
 
ADVISORY ENTRY SKILLS
None.

STUDENT LEARNING OUTCOMES
 Upon successful completion of the course, students should be able to:

Analyze, explain and evaluate the various forms of commercial
insurance and relate them to the needs of commercial insurance
customers.

Critically discuss and analyze loss exposure in the various areas of
commercial Insurance.

Compose developed and unified written responses to case studies
involving the use and appropriateness of commercial insurance
including commercial property, business income, equipment
breakdown, general liability, commercial automobile, and workers
compensation insurance coverage.
 
COURSE CONTENT
  TOPICS
 
  1. Introduction to Commercial Insurance
    1. Insurance as Risk Management Technique
    2. Lines of Business
    3. Commercial Insurance Policies
  2. Commercial Property Insurance—Part I
    1. Policies Providing Commercial Property Coverage
    2. Introduction to Commercial Property Coverage
    3. Building and Personal Property Coverage Form
    4. Insuring Fluctuating Values
    5. Blanket Insurance
  3. Commercial Property Insurance—Part II
    1. Cause-of-Loss Forms
    2. Other Commercial Property Coverage Forms
    3. Endorsements
    4. Commercial Property Conditions
    5. Rating Commercial Property Coverage
  4. Business Income Insurance 
    1. Business Income Loss Exposure
    2. Business Income Coverage Forms
    3. Other Forms and Endorsements
    4. Rating Business Income Coverage
  5. Commercial Crime Insurance
    1. ISO Commercial Crime Program
    2. Financial Institution Bonds
  6. Equipment Breakdown Insurance
    1. Insuring Agreements
    2. Exclusions
    3. Limits of Insurance
    4. Conditions
  7. Inland and Ocean Marine Insurance
    1. Development of Inland Marine Insurance
    2. Inland Marine Exposures and Insurance
    3. Ocean Marine Exposures and Insurance
      1. Coverage A (Bodily Injury and Property Damage
        Insurance)
      2. Coverage B (Personal and Advertising Injury Liability
      3. Coverage C (Medical Payments)
  8. Commercial General Liability Insurance, Part I
    1. Liability Loss Exposures
    2. Commercial General Liability Insurance Overview
  9. Commercial General Liability Insurance, Part II
    1. Injured Party(ies)
    2. Limits of Insurance
    3. CGL Conditions
    4. Claims-Made CGL Coverage Form
    5. CGL Endorsements
    6. Rating CGL Coverage
    7. Miscellaneous Liability Coverage Forms
  10. Commercial Automobile Insurance
    1. Automobile Loss Exposures
    2. Business Automobile Coverage Form
    3. Garage Coverage Form
    4. Motor Carrier Coverage Form
    5. Rating Commercial Automobile Insurance
  11. Business Owners Policies and Farm Insurance
    1. Business Owners Policies
    2. Farm Insurance
  12. Workers Compensation and Employers Liability Insurance
    1. Workers Compensation Statures
    2. Workers Compensation and Employers Liability Policy
    3. Rating Workers Compensation Insurance
  13. Miscellaneous Coverage 
    1. Excess and Umbrella Liability Insurance
    2. Professional Liability Insurance
    3. Aircraft Insurance
    4. Environmental Insurance
    5. Coverage for Foreign Operations
    6. Surety Bonds
  14. Career options available in the commercial insurance industry

 
 
METHODS OF INSTRUCTION
 Methods of instruction used to achieve student learning outcomes may include, but are not limited to:

  • Presentation of lectures and discussions on the structure of commercial insurance policies and their applicability to specific customer needs, in order for students to understand how the various products can be best applied to those needs.
  • Cooperative/collaborative learning tasks and activities designed to assist students in better understanding effective commercial insurance needs development of customers and how to integrate the various products to best meet those needs.
  • Case studies involving typical needs for commercial insurance coverage designed to allow students to apply what they have learned to the creation of comprehensive, effective coverage recommendations and proposals.
  • Guest speakers to allow students to interact with commercial insurance professionals.
 
METHODS OF EVALUATION
 Students will be evaluated for progress in and/or mastery of learning outcomes by methods of evaluation which may include, but are not limited to:

  • The writing of case study analyses demonstrating an understanding of commercial insurance products and their applicability to specific coverage needs situations.
  • Individual and group assignments designed to demonstrate successful understanding and application of commercial insurance concepts.
  • Class discussions designed to evaluate students’ understanding of the need for and applicability of commercial insurance and how those needs can best be met.
  • Quizzes/examinations designed to assess students’ ability to recall, critically analyze and apply key concepts of commercial insurance including commercial property, business income, equipment breakdown, general liability, commercial automobile, and workers compensation insurance coverage.
  • Participation as required by instructor to ensure progress in mastering the fundamentals of commercial insurance and involvement in collaborative learning projects.
  • Individual web projects designed to assist student in determining and evaluating various career options available in the commercial insurance industry.
ASSIGNMENTS

Required Reading Assignments


Required Writing Assignments


Other Outside-of-Class Assignments
 
COURSE MATERIALS
 All materials used in this course will be periodically reviewed to ensure that they are appropriate for college level instruction. Possible texts include:

  • Flitner & Trupin. Commercial Insurance. 3rd ed. Malvern, PA: American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America Insti, 2002.
  • -. INS 23 Course Guide: Commercial Insurance. 3rd ed. Malvern, PA: American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America , 2002.
  • American Institute for American Institute for Chartered Property Casualty Underwriters and Insurance Institute of America (AICPCU), http://aicpcu.org/

    State of California Department of Insurance, http://saverealmoney.com/insurance/california-insurance-department.htm

    Insurance Research Council, a non-profit division of the American Institute for Chartered Property Casualty Underwriters and the Insurance Institute of America, http://www.ircweb.org/

    Insurance Educational Association (IEA), http://www.ieatraining.com/
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