COMMERCIAL CASUALTY II
This Study Guide has been prepared to enhance your learning experience. It contains all of the Check-in questions, Knowledge Checks, and Self-Quizzes contained within the course, along with an Answer Key and Glossary. Use it as a tool to help practice and assess your knowledge of the course material, but do not mistake it for a comprehensive “short- cut” to preparing for the final exam.
Be sure to take a look at the section, “Resources,” that follows the Answer Key in this Study Guide. It contains valuable suggestions for test preparation and study techniques, as well as some sample exam questions and a glossary of terms.
Your path to success in passing the final exam will come from your attentiveness during the course and the effort you put into preparation.
Section 1 – Workers' Compensation and Employers' Liability
Who is NCCI?
The video below describes the purpose and industry activities of the National Council on Compensation Insurance.
The video below describes the different types of disability benefits under Workers’ Compensation.
Employers' Liability Claims
The video below describes the various ways Employers’ Liability claims are made against employers.
How Other States' Coverage Works
The video below outlines how Other States’ Coverage on the Workers’ Compensation Policy works.
Federal Compensation Laws
The video below discusses the way federal compensation laws create the need for special endorsements on Workers’ Compensation Policies.
Section 2 – Introduction to Business Auto Coverage
Covered Pollution Cost and Expense
The video below explains an important part of the Includes trade, profession, or occupation. More A land motor vehicle, trailer, or semi-trailer designed for use on public roads, but does not include “mobile equipment.” More Policy Insuring Agreement and how it responds to pollution elements of accidents.
Diminution of Value
The video below explains when diminution of value is used in adjusting auto insurance losses.
What is Negligence?
The video below explains what negligence is and how important it is to understanding liability claims.
When the Insurance Company Settles a Claim
The video below explains what happens when the insurance company considers the settlement of auto liability claims.
The video below explains the Amount of money an insurance carrier charges to provide the coverage described in the policy. More Audit condition on the Includes trade, profession, or occupation. More A land motor vehicle, trailer, or semi-trailer designed for use on public roads, but does not include “mobile equipment.” More Policy.
Section 3 – Excess Liability and Commercial Umbrella Policies
How much liability insurance is enough?
The video below explores the difficult decision of selecting a limit on a liability policy.
Maintenance of Underlying Limits
The video below explains the purpose and function of an important condition on Umbrella and Excess policies.