Continuing Education Credits

This course is approved for 1.5HR CE Credits for BC, AB, SK, MB and ON (Technical Skills).

Course Objectives

By the time you’ve completed this course you’ll be equipped to:

  • Explain what commercial crime insurance is all about

  • Review insurance policy wordings and understand the implications of the terms and conditions

  • Identify different claims reporting requirements and explain what to do and expect in the case of a crime loss

  • Assess risk management gaps and propose options for combating crime within an organization

  • Ask the right questions of the insurer in order to obtain the coverage that best fits the needs of the organization

Course curriculum

    1. Welcome Message from Instructor

    2. Course Objectives

    3. Downloadable Material

    1. Chapter introduction & objectives

    2. What is commercial crime insurance?

      FREE PREVIEW

    3. Commercial crime statistics

    4. What is insured by a commercial crime policy?

    5. Who is insured by a commercial crime policy?

    6. What crimes are covered?

    7. Who perpetrated the crime?

    8. Where did the loss occur?

    9. How was the crime committed?

    10. What is not covered in a commercial crime policy?

    11. Interactive Exercise Instructions

    12. Interactive Exercise

    1. Chapter introduction & objectives

    2. The crime must fit the terms of the policy

    3. Two kinds of insuring agreements

    4. Requirements for coverage

    5. The complex nature of employee crime

    6. Manifest intent

      FREE PREVIEW

    7. Robin Hood fraud

    8. Who is an employee?

    9. Claim reporting rules

    10. The timing of events

    11. Loss sustained

    12. Loss discovered

    13. How to avoid reporting a claim too late

    14. Discovery date

    15. When crime strikes

    16. Activity: What to do and expect when filing a claim?

    17. Interactive Exercise

    1. Chapter introduction & objectives

    2. What does coverage look like in a commercial crime policy?

    3. What is covered? Employee insuring agreements

    4. What is covered? Non-employee insuring agreements

    5. Extensions

    6. Client property coverage

    7. Employee benefit plan/ Pension administrator's coverage

    8. Social engineering fraud

    9. ERISA bond

    10. Personal account protection

    11. Telephone fraud, mail and courier rider, data restoration

    12. Claim expense and extended reporting period

    13. Activity - Claim Scenarios

    14. Interactive Exercise

    1. Chapter introduction & objectives

    2. Employee crimes: common, expensive and complex

      FREE PREVIEW

    3. Common types of fraud

    4. Claims example: large gold mining company

    5. Claims example: lawyer

    6. Not-for-profit organizations claims examples

    7. Managing commercial crime risk

    8. Human resources controls

    9. Operations controls

    10. Interactive Exercise

    1. Chapter introduction & objectives

    2. Why organizations buy commercial crime insurance?

    3. The application process

    4. Application checklist

    5. Social engineering fraud application checklist

    6. What to buy? A look at different options

    7. What to buy? Choosing an option

    8. Other coverage decisions: who is covered and what is covered?

    9. Other coverage decisions: policy terms (loss sustained to loss discovered & vice versa)

      FREE PREVIEW

    10. Other coverage decisions: limits

    11. Other coverage decisions: coverage limit

    12. Other policy decisions: deductible

    13. Other terms and conditions

    14. Selecting an insurer

    15. Interactive Exercise

About this course

  • $150.00
  • 74 lessons
  • 1.5 hours of video content