This free online course will give you a full and comprehensive run through of risk management procedures and practices.

This course will first introduce you to risk management. You will learn the importance of risk management methodology and risk management tools following the 2008 financial collapse. You will study the ideal requisites for insurability, the types of insurance and insurers, and the essential elements of insurance contracts. The course will cover the criteria required for participants in a contract, the principle of indemnity, and the concepts of insurable interest and subrogation.

You will then study the classification of real and personal property and its effect on risk exposure and valuation. The course will discuss the five categories of e-commerce property risk, liability and legal ramifications, and the factors and solutions pertaining to global risk exposure. You will learn the most common source of liability with regard to activities/conduct and the benefits that are applicable to survivors of deceased insured workers. You will also study the six main life insurance riders and the benefits of group life insurance.

Risk is part of our daily lives and businesses. Whether you are driving a car or starting a business, the risk of damage and injury is there. Learning how to manage risk and having the right insurance measures in place will make it easier for you when things go wrong. This Diploma in Risk Management course will help you identify and explore potential risks in organizations so make sure to check it out and start learning how to control, prevent, and reduce losses that can result from risk.