New CE Course – Cargo Coverage and Claims

Feb 24, 2022 | General CE

Cargo Coverage and Claims

CE COURSE

Introduction

Cargo claims represent one of the largest categories of property and liability claims both in number and value. The diversity of these types of claims makes their successful handling dependent upon professionals with particular skills and experience. Efficient handling of cargo claims requires knowledge about the different types of carriers, knowledge of operational procedures, logistics, cargo types, and contracts. The claims person needs to have a basic understanding of such things as how a reefer container works as well as different, but equally important, carriage method issues that may arise in the successful resolution of a claim. Examples of cargo claims leave no doubt in one’s mind that protection through freight insurance is essential to all stakeholders.

 This course is now available to all ILScorp General or Adjuster CE Subscribers.

Included as part of the ILScorp General CE Subscription.
Included as part of the ILScorp Adjuster CE Subscription.

Credit Hours: 1

Credit Type: General/Adjuster – Technical and RIBO – Technical

Credit #: AIC#59899 MB38695

Accrediting Provinces:

Purpose

The purpose of this course is to prepare the participant to competently handle the discussion of cargo coverage and its important benefits, as well as to explain and assist in the claims process.

Course Content

This course covers the following topics:

• Statistics describing the amount of goods and money involved with the movement of products between locations
• The features of cargo coverage
• The purpose of cargo coverage
• Types of cargo coverage
• Different factors relating to various methods of transport by land, sea and air
  Forms of contracts
• Responsibilities of carriers throughout the handing, transporting, and delivery
• Areas of knowledge important in handling of claims
• Types of cargo damage
• Causes of cargo damage
  Prevention of cargo damage
• Essential actions and practices when loss or damage is reported
• Benefits of cargo coverage
• Types of freight claims
• Use of technology and documentation in the delivery of goods
• Use of technology and documentation in the claims process
• Types of specialized assessment reports (such as temperature monitoring reports)
• Terminology and vocabulary relating to claims
• Examples of weather events responsible for cargo loss and damage
• Cargo claims examples
• Use of technology in protection of goods in transit
• Time limitations on claims

Course Learning Objectives

Successful participants of this course will:

• Be aware of the magnitude of the freight industry operating across the globe
• Be able to supply statistics to demonstrate the importance of this industry
• Be aware of the financial losses experienced by stakeholders in the industry and in related businesses that depend on the delivery of goods
• Understand the basic purpose and function of cargo insurance
• Know both the damage and the liability aspects of cargo coverage
• Be familiar with the different types of cargo insurance policies available for transporting goods by land, sea, and air
• Be familiar with the six responsibilities of the carrier
• Know the types of damage that can occur including: physical damage, wet damage, contamination, and infestation
• Know the potential causes of damage
• Have a basic understanding of how a reefer container works in order to form a qualified opinion as to whether a carrier can be held liable for deterioration of perishable goods
• Be familiar with the measures for prevention of damage
• Know what the insured needs to do after a loss in transit
• Be able to demonstrate the benefits of cargo coverage
• Be aware of the types of freight claims
• Know what to advise the carrier to do when a loss occurs
• Know the importance and purpose of Bills of Lading
• Be able to discuss the completion of a Statement of Claim
• Understand the importance of value verification evidence and photos
• Be familiar with the types of reports that may be part of the claims process e.g.,
  quality assessment report, temperature monitoring report, police or accident report, repair quote, proof of disposal
• Be able to provide examples of events that led to significant cargo claims
• Be able to refer to examples of claims
• Be able to discuss practices and precautions that help reduce the risk of loss through theft
• Know the protection provided by hard security devices such as high-security door locks
• Be familiar with the use of technology and documentation in prevention of loss and in the claims process
• Be aware of the general time limitations associated with cargo claims

New CE Course – Fair Treatment of Customers

Apr 27, 2020 | General CE

The New Guidance Lesson1

This course has been created using the document Guidance: Conduct of Insurance Business and Fair Treatment of Customers issued by the Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO).

The New Guidance: Lesson 1 addresses the creation of the Guidance document, its purpose and scope, as well as an explanation of the document’s impact on five key areas of the industry’s activity. The course includes quizzes that allow participants to assess their understanding of the course material.

Course Content

• Includes the following topics:
• Definitions of terminology used in the Guidance document
• The issuing organizations (CCIR and CCRRA)
• The purpose and origins of the Guidance document
• Scope of the expectations
• Implications for conduct of business
• Implications for fair treatment of customers
• Implications for business culture
• Implications for relationships between Insurers and Intermediaries
• Implications for relationships with Regulatory Authorities

Learning Objectives

Successful participants of the course will:

• Understand the purpose and scope of the Guidance document
• Be familiar with the nature and history of the organizations that created it
• Be able to explain the way the conduct of insurance business is supervised
• Know the importance of acting in compliance with the laws, regulations and guidelines to which representatives are subject
• Know what constitute regulatory obligations of representatives
• Know the function and scope of the role of intermediaries
• Understand the importance of providing Customers with timely, clear and adequate information
• Know the particular meaning of terms used in the Guidance document
• Know what constitutes acting with due skill, care and diligence
• Be acquainted with the risks that could result in unfair treatment of the client
• Be able to describe the expectations for relationships with regulators
• Understand the importance of protecting the privacy of Customer information
• Possess the vocabulary, the understanding and the knowledge-base for explaining and discussing the issues around the Guidance document on the Conduct of Insurance Business and Fair Treatment of Customers.

The New Guidance Lesson  2

This is the second section of The New Guidance Course which deals with the joint release by the Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) concerning the conduct of insurance business and fair treatment of customers. Part 1 of the course dealt with the creation of the document, its purpose and scope, as well as aspects of the insurance business discussed in the document.

Lesson of the course deals with the Customer Outcomes the industry hopes to achieve, as well as the specific attitudes and practices on the part of industry representatives which will accomplish these goals. There are twelve distinct outcomes articulated and for each of these outcomes there are behaviors which can be observed and monitored.

There are quizzes provided which will assist participants in checking their understanding of the material.

Course Content:

Topics covered in the course include the following areas of customer outcomes and the expectations for the conduct of representatives in each:

• Governance and Business Culture
• Conflicts of Interest
• Outsourcing
• Design of Insurance Product
• Distribution Strategies
• Disclosure to Customer
• Product Promotion
• Advice
• Disclosure to Policyholder
• Claims Handling and Settlement
• Complaints Handling and Dispute Resolution
• Protection of Personal Information

Learning Objectives:

Successful participants of the course will:

• Understand that overall responsibility for fair treatment of Customers is at the level of the board and/or senior management, who design, approve, implement and monitor adherence to policies and procedures aimed at ensuring that Customers are treated fairly.
• See the importance of relevant staff being trained to deliver appropriate outcomes in terms of fair treatment of Customers.
• Be aware of the role played by remuneration, reward strategies and evaluation in achieving fair treatment of Customers.
• Know the areas of risk for potential conflicts of interest as Intermediaries interact with both Customers and Insurers
• Understand issues around responsibility and monitoring of outsourcing
• Gain a heightened sense of the factors at play in relationships between Insurers and Intermediaries
• Become knowledgeable about the ethical issues around product design
• Understand the importance of representatives having adequate product knowledge in order to enable customers to make an informed decision about the proposed product.
• Be clear about the limitations and responsibilities around providing various types of “advice” to customers
• Be knowledgeable about issues surrounding disclosure of information in terms of changes in the policy or the customer’s needs.
• Be aware of the expectations for representatives to handle claims settlement according to all the best practices listed in the guidance document with regard to fair treatment of customers
• Be knowledgeable about the expectations for representatives in their handling of complaints and dispute resolution
• Be familiar with the Guidance document’s creation and purpose.
• Possess the vocabulary, the understanding and the knowledge-base for explaining and discussing the issues addressed in the Guidance document.

This course is accredited for 2 Continuing Education Hours in the following categories and provinces:

2 General / Adjuster – Technical CE: BC, SK, MB

2 Life / A&S – Technical CE: BC, SK, MB, ON

New CE Course on Marijuana Grow-Ops

Apr 6, 2020 | General CE

A Growing Danger, Risks of Marijuana Grow-Ops

This course provides students with an overview of the situation across the country with regard to the existence of Marijuana Grow Ops. Risks and hazards of these illegal operations are detailed in Lesson 2. An important discussion is presented of the issues these Grow Ops raise for insurance companies. The course provides advice for landlords both to avoid renting to questionable individuals, as well as to monitor their property for any signs of such activity that might come to light. A comprehensive assessment of the student’s grasp of the information is also provided.

Course Content:

Lesson 1

• The New Rules for Planting Pot at Home
• What are Grow Ops?
• How Grow Ops damage property
• Why Grow?

Lesson 2

• Risks and Hazards of the Grow Op
•  Fire
•  Explosion
•  Electrocution
•  Toxic Gases
•  Chemicals
•  Bacteria
•  Crime and Violence
•  Booby Traps

Lesson 3

• Insurance Implications
•   Managing the Risk
•   Existing Policies
• Appropriate Exclusions
• Case Law Examples

Lesson 4

• Risk Management for Landlords and Neighbours
• Indications of a Grow Op in the Neighbourhood
• Tips for Landlords
• Suspicious Traits
• Checklist for Landlords suspecting a Grow Op
• Sample City Procedure for dealing with Former Grow Op

Course Objectives

Students will

• Be familiar with the existence of Grow Ops across the country
• Recognize the importance of related issues to the insurance industry
• Be knowledgeable about the variety of risks and hazards posed by Grow Ops
• Understand the legislation surrounding Grow Ops
• Know how to manage the risks with regard to insurance
• Be able to advise landowners of signs for detecting Grow Ops
• Be able to provide strategies for landlords to better screen potential renters

Cyber Insurance Course – New General CE

Apr 8, 2019 | General CE

Cyber Insurance Course

3 General/Adjuster – Technical CE Credits

New Cyber Insurance Course now available to all ILScorp General CE and Adjuster CE Subscribers

During this online course we will begin by discussing recent changes made to the Personal Information Protection Electronic and Documents Act. This is a natural spring board when discussing cyber insurance with clients.  Next, we will briefly look at today’s cyber insurance market place to review common challenges.

Then we will roll up our sleeves and get into the actual coverage forms most common in our market.

Data Compromise Coverage, Computer Attack Coverage and Network Security Liability Coverage are the three major coverage form topics

Cyber insurance coverages are some of the newest innovations in the insurance industry.  As the criminal element becomes more proficient, the insurance industry has responded.  As with all new products, there will be challenges and changes forthcoming. This course looks at a few of the major issues facing us today.

Cyber losses are really just a new type of crime loss.  Some policies are beginning to include cyber losses within their wordings.  Many are just silent on the topic.  Because automation is playing a roll in many parts of business operations, insurers may be inadvertently providing coverage unintentionally.  Broad insuring agreements in both property and liability wordings may be the culprit.

To learn more about the new Cyber Insurance course click on the button below.

Cyber Insurance

Credit Hours: 3
Credit Type: General/Adjuster – Technical and RIBO – Technical
Credit #: AIC#50977;MB32089
Accrediting Provinces: BC, AB, SK, MB, ON