CFO Series: Insurance- How to Manage Your Insurance Program?

Overview

At its core, insurance is risk management. What insurance does the organization need? What types? What limits should we buy? How large of a deductible should we accept? What is the difference between a deductible and a self-insured retention? What do I need to know about insurance contracts? What should I expect of my insurance broker? What coverage is available and what do I need to buy? Specifically designed for any leader responsible for insurance and risk, the insurance function is critical to the ongoing viability of an organization. We will review a practical approach to managing insurance.

Highlights

The major topics that will be covered in this course include:

• How are risks managed?
  • What is risk transfer?
• What does an insurance broker do, how do we choose a broker, and how should we pay them?
• What can insurance protect against?
• Deductibles, self-insurance, and captives.
• Issues affecting different classes of insurance regarding claims and accessibility.
• Actions you need to take in addition to securing insurance.
• Umbrella policies and how they attach above the primary.

Prerequisites

General understanding of risk and insurance.

Designed For

Corporate financial leaders, corporate financial managers, CEOs, CFOs, Controllers, accountants, Board members, advisors, and consultants. CPAs in public practice and CPAs in industry. Business owners, entrepreneurs and professionals who are interested in improved management of the risk and insuranc

Objectives

After attending this presentation, you will be able to...

• Comprehend insurance law and issues regarding the selection of insurance policies.
• Deploy proven tactics to effectively manage the insurance function.
• Appreciate insurance exceptions and exclusions

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CPA Crossings. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.