IIABSC has added a new designation to our lineup of professional development opportunities for member agents. Knowledge gained from the MLIS courses will help you eliminate dangerous coverage gaps and provide better protection for your clients.
There are five required courses to earn the MLIS certification, which focus specifically on D&O, EPL, and fiduciary liability exposures and insurance.
The Management Liability Insurance Specialist (MLIS®) certification showcases your specialized expertise in all aspects of professional liability insurance including directors and officers (D&O) liability, employment practices liability (EPL), fiduciary liability, and cyber exposures.
Participants attend five full-day online classes, course descriptions below. Each day is approved for 6 hrs. P&C credit. An online exam is taken following each course, but additional study time after the course is allowed. NO PROCTOR is required either. There are 50 questions and 70% is a passing score.
NO EXAM IS REQUIRED TO EARN CE CREDIT.
REGISTER USING ONLINE EDUCATION CALENDAR
LIVE VIRTUAL COURSE - FIVE FULL-DAY SESSIONS TO EARN YOUR DESIGNATION
Cyber & Privacy Liability Exposures and How to Insure Them - Jan. 21
All companies using e-mail, take orders/collect data through their website, participate in social media, or use cloud services are exposed to significant potential first-party property and third-party liability claims. This course looks at the exposures facing companies with a detailed review of the policies designed to cover them.
EPL: Understanding the Exposures and Insurance Coverage - April 29
This course gives a detailed look at the liability exposures leading to employment-related claims and the insurance policies that have been developed to cover them including important common law exposures, statues, underwriting best practices, coverage terms and analysis of exclusions and coverage triggers are included.
Fiduciary Liability: What You Need to Know - June 4
This course takes a detailed look at the fiduciary liability exposures that were created by the Employee Retirement Income Security Act (ERISA) of 1974 and reviews the insurance policies that have been developed to cover these liability exposures. Includes basic fiduciary duties, types of pension and benefit plans included and claims exposures of these duties. Also includes underwriting, methods of controlling exposures, and how to coordinate with other liability insurance policies. Specific provisions within the fiduciary liability coverage form are also discussed, including insuring agreements, covered persons/organizations, provisions pertaining to status changes, key definitions, limits/deductibles, conditions, exclusions, and coverage triggers.
Understanding D&O Exposures - Oct. 1
Directors and officers of for-profit, publicly held corporations and not-for-profit corporations face a number of legal liability exposures. This course looks at the following exposures:
- the common law and statutory legal liability exposures to which the directors and officers of publicly held corporations are subject;
- legal defenses available to directors and officers when a claim is made against them
- the types of situations that give rise to these claims;
- the factors that insurers consider when underwriting directors and officers (D&O) policies for publicly held and privately held companies;
- the most effective methods of preventing and controlling claims against corporate directors and officers.
How to Insure D&O Liabilities - Dec. 3
Directors and officers of for-profit, publicly held corporations and not-for-profit corporations face a number of legal liability exposures. This course looks at the key provisions within a directors and officers (D&O) liability insurance policy and how they function within various claims scenarios.
Topics discussed include:
- key insuring agreements,
- covered persons, organizations, and acts provisions,
- two of the policy’s most important defined terms: “covered damages”
- and “covered losses,”
- defense coverage provisions and defense procedures,
- policy limits, retentions, and coinsurance provisions,
- conditions and exclusions,
- claims-made coverage trigger provision.