This course is designed to give you a solid understanding of workers compensation and employers liability insurance and how it can be used to cover an organization’s workers compensation loss exposures. Before beginning the course, you should familiarize yourself with the educational objectives of the course, which are summarized below. Marketing tips for WC & EL insurance can be seen by clicking here.
1. Explain the origins of
workers compensation and its current role in our society.
2. Describe the key legal
concepts of workers compensation.
3. Explain the common features
of state workers compensation laws.
4. Given a case, tailor workers
compensation coverages to fit the exposures presented.
5. Explain the importance of
safety in workers compensation and how producers can influence loss control.
6. Illustrate some of the
future issues workers compensation producers will face.
7. Given a workers compensation
case, prepare a submission for an underwriter.
In support of the assignment
objective listed above, you should be able to do the following:
a. Identify, explain, and illustrate the use of any information needed by an underwriter to properly evaluate and price a workers compensation policy.
b. Compare the various methods
of providing workers compensation benefits.
c. Describe the various
provisions of the workers compensation policy.
d. Describe the endorsements
and optional coverages available to modify the basic policy.
e. Illustrate the use of
stopgap and stop loss coverages.
f.
Describe how workers compensation premiums are developed for guaranteed
cost and competitively priced policies.
g. Illustrate optional
strategies to control workers compensation premiums.
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I. Origins of Workers compensation |
20 minutes |
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II. Basic Workers Compensation Concepts |
30 minutes |
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A. Key Legal Concepts 1.Employer Responsibility Regardless of Fault 2.Exclusive Remedy 3.Dual Capacity 4.Covered Injuries 5.Definition of “Accident” |
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B. Common Features of Workers Compensation Laws |
60 minutes |
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1. Compulsory Versus Elective Laws |
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2. Who Is a Covered Employee |
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3.Coverage for contractors 4.Effect of Different Forms of Ownership 5.Covered Benefits 6.Second Injury Funds 7.Coverage for Minors 8.Extraterritorial Coverage 9.Claims Involving Third Parties 10. Coverage for Occupational Disease |
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C. Methods of Providing Workers compensation Benefits |
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1.Monopolistic State Funds 2.Commercial Insurance 3.Competitive State Funds and Private Insurers 4.Residual Markets 5.Self-Insurance 6.Self-Insurance Pools |
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III. The Workers compensation and Employers Liability Policy |
75 minutes |
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A. The Information Page B. General Section C. Part One—Workers Compensation |
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1.Defense Coverage 2.Other Insurance 3.Subrogation 4.Coverage Exclusions |
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D. Part Two—Employers Liability Insurance |
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1.Insuring Agreement 2.Exclusions 3.Limits of Liability 4.Other Part Two Provisions |
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E. Part Three—Other States Insurance |
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F. Parts Four, Five, and Six |
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1.Part Four—Your Duties If Injury Occurs 2.Part Five—Premium 3.Part Six—Conditions |
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G. Endorsements and Other Coverages |
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1.Longshore or Harbor Workers 2.Jones Act Coverage 3.Foreign Voluntary Compensation 4.Voluntary Compensation Endorsement 5.Nonoccupational Temporary Disability Insurance |
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H. Other Coverages |
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1.Stopgap Coverage 2.Stop Loss Coverage 3.Combined Aggregate and Specific Excess Coverage |
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IV. Calculating Workers Compensation Premiums |
15 minutes |
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A. Classification B. Premium Base C. Premium Adjustment Factors D. Pricing and Other Competitive Strategies |
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V. Safety and Workers Compensation Insurance |
20 minutes |
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A. The Role of the Producer in Loss Control B. Occupational Safety and Health Act of 1970 (OSHA) |
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VI. The Future of Workers Compensation Insurance |
20 minutes |
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A. Twenty-Four-Hour Coverage B. Managed Care C. Challenges to the Workers Compensation System |
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VII. What the Underwriter Needs To Know |
15 minutes |
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A. Applicant Information B. Locations C. Policy Information D. Rating Information E. Individuals Included/Excluded F. Prior Carrier Information/Loss History G. Nature of Business/Description of Operations H. General Information I. Critical Thinking |
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VIII. Summary |
15 minutes |
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Total 240 minutes |
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FL Course Offering ID is 812680 for class on 2/27/07
FL Course id# is 59110
CEU – Agent 4 hrs, intermediate
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