Risk Management: Managing Property and Liability Risk
Learn more about property and liability risks, including coverage, classification, valuation, and global risk exposure.Publisher: Saylor Academy
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This course begins by identifying the general features of property coverage for real and personal property. It then explains these properties' classification and effect on risk exposure and valuation. You will also examine the increasing frequency and severity of e-commerce property risks, and become familiar with the five main categories of risks. You will then look into common strategies of loss-control and explore the availability of different forms of insurance as a means of transferring risks.
Global exposure is rapidly growing for many companies. This course will discuss global risk exposures in the international competitive landscape. You will look into risk control measures and insurance options, and then study the meaning of liability and its legal ramifications. This course will also discuss special, general, and punitive damages. You will learn how negligent actions can result in liabilities, as well as look into the duties property owners have to others.
Whether we like it or not, we are all exposed to risks. Learning how to manage this risk and having the right insurance measures in place will make it easier for you if and when things go wrong. By the end of this course, you will how how to identify, control, prevent, and reduce potential risks when managing properties. This is really useful information, so don't wait until it's too late. Start learning something valuable, today.
Module 1: Property and Global Risk
Property and Global Risk - Learning Outcomes
Introduction to Property and Liability Risks
Property Coverage: Real and Personal
Computer-Related Risks and Cover
Property and Global Risk - Lesson Summary
Module 2: Liability
Liability - Learning Outcomes
Risk Policy Creation
Negligence and Liability
Property and Professional Liability
Product and Professional Liability
E-Commerce and Liability Limitation
Liability - Lesson Summary
After completing this course you will be able to:
- Identify the general features of property coverage - real and personal.
- Explain the classification of real and personal property and its affect on risk exposure and valuation.
- List the five categories of e-commerce property risk.
- Trace the major causes of hardware and software losses.
- Outline the factors and solutions pertaining to global risk exposure.
- Explain the meaning of liability and its legal ramifications.
- Distinguish between special, general and punitive damages.
- Give examples of how negligent actions can result in liability.
- List some of the property owners’ duties to others.
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