presents American Management Association Seminars
AMA’s Insurance and Risk Management Workshop
Seminar No: 01290 -XNBB
CEU Credits: 1.2
Length: 2 days
Are your insurance costs too high because of inadequate risk management? This workshop puts you in control!
An effective insurance and risk management program gives your company the security to pursue its goals without fear of unexpected setbacks. AMA’s Insurance and Risk Management Workshop takes you through the principals of strategically sound risk management.
In just two days, you’ll get a complete insurance and risk management education—everything you must know about coverage, cost, liability limits, retention and broker services/compensation! Be sure to bring your company policy—and your questions—for discussion!
How You Will Benefit
- Develop a practical risk management plan that aligns with corporate strategy
- Assess the positives and negatives of your current insurance program
- Determine if state-of-the-art alternative risk-financing tools are right for your company
- Learn how to select, compensate and manage brokers/agents—and choose an insurance company or TPA
- Discover how America’s largest companies reduce cost and improve coverage without competitive bidding
- Benchmark your own coverage specifications against the actual policy wordings of Fortune 500 companies
- Spend your company’s premium dollars most effectively
What You Will Cover
- Why risk management and insurance are crucial
- Financial overview of the insurance industry
- Principles of risk management
- The role of the broker/agent
- Selecting an insurance company/TPA
- Property insurance
- Casualty insurance coverages
- Executive and professional coverages
- Specialty coverages
- Alternative risk financing
Who Should Attend
Noninsurance executives and professionals responsible for their firm’s insurance and risk management programs, including CEOs, CFOs, VPs of finance, controllers and treasurers. Legal, administrative or HR executives…new members of insurance or risk management teams… corporate planners and attorneys…outside agents, brokers and consultants.
Recommended CPE credit: 15 hours/Basic
Recommended for optimum learning benefit: familiarity with fundamentals of controllership (AMA Seminar #1206).
Instructional Method—Group Live
Extended Course Description
Learning Objectives
- Explain Risk and How It Impacts an Organization
- Design Risk Management Strategy That Allows you to Identify, Assess, and Address the Risks Facing Your Company
- Evaluate the Insurance Coverage You Currently Buy
- Broaden You Insurance Coverage with Wording and Extensions Used By Cutting Edge Insurance Buyers at Global Firms
- Determine That Your Limits, Deductibles, and Program Structures Are Appropriate and Cost Effective for Your Firm
- Work with Your Broker/Agent to Ensure That It Provides the Services That Are Right for You
- Select and Know How to Compensate a Broke/Agent
- Execute an Effective Renewal Strategy
- Select an Insurance Company or Third Party Administrator (TPA)
- Determine Whether Alternative Risk Financing Programs and Products, such as Captive Insurance Companies, May Be Useful to Your Company
- Be in Control of Your Broker/Agent Relationship
An Overview of the Insurance Industry
- Identify Why Insurance and Risk Management Matter for Your Company
- Discuss the Key Financial Indicators of the Insurance Industry and How Trends in Those Indicators Contribute to Insurance Industry Cycles and Thus Impact An Insurance Buyer’s Strategy
- Incorporate Combined Ratio and Policy Holder Surplus in Your Evaluation of Insurance Decisions
Principles of Risk Management
- Factor Your Company’s Total Cost of Risk
- Use the Components of a Risk Management Strategy and the Risk Management Process
- Understand the Transfer of Risk
- Leverage the Methodology of Risk Assessment By Considering the Broad Spectrum of Risks Facing Your Company
- Create and Use a Risk Map
- Consider the Various Methods of Treating Risks
Selecting the Right Professional for Your Company
- Select the Appropriate Broker/Agent for Your Organization
- Evaluate Your Broker’s/Agent’s Performance and How to Compensate Accordingly
- Leverage the Roles of the Broker/Agent and the Client During Insurance Renewal, and the Importance of Timelines
- Competitively Bid Your Insurance Program to Multiple Insurers
- Select an Appropriate Third Party Administrator (TPA) to Handle Claims
Property Insurance
- Navigate the Basic Construction of an Insurance Policy
- Use the Coverage Extensions and Manuscript Wording That Are Used By Major Global Risk Managers
- Evaluate the Complexities of Business Interruption and Extra Expense Insurance
Casualty Insurance Coverages
- Apply the Coverage Extensions That Should Be Applied to All Casualty Coverages
- Navigate the Specifics of Workers Compensation Coverage, Automobile Coverage, General and Product Liability Coverage, and Umbrella Coverage
- Benchmark Insurance Limits vs. Peer Groups
- Understand Occurrence vs. Claims-Made Policy Triggers
- Use the Coverage Extensions and Manuscript Wording That Are Used By Major Global Risk Managers
Executive and Professional Insurance Coverages
- Determine the Value of the Following Forms of Liability Insurance for Your Business:
- Directors and Officers Liability Insurance
- Employment Practices Liability Insurance
- Commercial Crime Insurance
- Professional Liability Insurance
- Fiduciary Liability Insurance
- Leverage the Coverage Extensions and Manuscript Wording That Are Used By Major Global Risk Managers, Which May Be Available for Your Business
Specialty Insurance Coverages
- Determine the Necessity of the Following Specialty Insurance for Your Business:
- Marine Insurance
- Aviation Insurance
- International Insurance
- Environmental Insurance
Alternative Risk Financing
- Differentiate Between Guaranteed Cost Insurance and Cash Flow Plans
- Derive the Critical Issues and Components of a Cash Flow Plan
- Identify the Basic Reasons Why Companies Establish Captive Insurance Companies
- Know Basic Types of Captive Insurance Companies
Start and End times: first day - 8:30am-5pm, all other days 9am-5pm unless otherwise specified. Your registration confirmation notice will confirm the hotel/conference center for the seminar for which you registered. The information included on this page is all the information available on this seminar. Please use form below to register only. To request information that is not included above please send an email to
. Remember to specify the complete seminar number about which you are requesting information.
For information about bringing a course to your site please call 1-919-847-0331 or email the registry at
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** Online Registration & Fee Information ** Please use form below to register only. To request information that is not included above please send an email to
. Remember to specify the complete seminar number about which you are requesting information.
Select date/location & complete form below. Then, click on 'Send'
Additional Information:
After submitting your online registration you will receive registration confirmation and invoice within 7-10 business days. You may pay by credit card or check. Confirmation information will also include location and other pertinent course information.
Always state priority code XNBB to your customer service representative when registering directly by phone.
Note: Prices are subject to change without notice. To confirm the price of your session, select the session above and click “Send”. Discounts apply for groups of two or more people. Call for details. Federal government employees are eligible for special GSA pricing for many seminars.
AMA's main conference centers
Seminars scheduled for the cities below are held at the locations listed below. For location information for other cities in which AMA seminars are held please call or email for information.
New York
AMA executive Conference Center
1601 Broadway New York, NY 10019
American Management Association (Located in the same building as the Crowne Plaza Hotel) 1601 Broadway On Broadway and 48th Street near Times Square. Entrance is on 48th Street.
Chicago
AMA executive Conference Center (adjacent to the Marroitt O'Hare)
8655 west higgins rd
Chicago, IL 60631
San Francisco
AMA executive Conference Center is located in San Francisco Marriott Hotel
55 Fourth Street 2nd Level
San Francisco, CA 94103
Atlanta
AMA Executive Conference Center
Address: 1170 Peachtree Street Ne Cnr Peachtree & 14th (3rd Flr)
City, State, Zip: Atlanta, GA 30309
Washington, DC
Arlington, Virginia
2345 Crystal Drive, Suite 200
Arlington, VA 22202
If you are not paying via credit card, you will receive an invoice with payment instructions.
Cancellation Policy:
If you cannot attend a seminar you can contact AMA in advance to transfer to a future session, or you can send someone to take your place. If you need to cancel your attendance, AMA will give you a complete refund if you cancel more than three weeks before your seminar begins. To cancel, simply email us at
. If you cancel with less than three weeks’ advance notice, you will be liable for the entire seminar fee. Once your payment has been received, you may request a courtesy transfer to use at any future AMA seminar of equal or lesser length. The courtesy transfer must be used within one year of the date of your originally scheduled seminar. In fairness to all attendees, if you do not attend a seminar session for which you are confirmed and do not contact AMA to cancel in advance, you will be charged the entire seminar fee.
AMA grants courtesy transfers to people who cannot attend their scheduled sessions. You can use a courtesy transfer for any seminar of equal or lesser length than the original seminar. You must use your courtesy transfer within one year of the date of your originally scheduled seminar.
AMA guarantees the quality of our seminars. If, for any reason, you are not satisfied with a seminar for which you have paid, AMA will give you credit toward another seminar of comparable price or will refund your fee.
You can also register by emailing your registration information to us at
or calling us at 919-847-0331.