Overview
This Engineering Insurance course makes your road to learning about this aspect of insurance more effective, easier and more enjoyable than ever. Its streamlined approach strikes a careful balance between depth of coverage and ease of learning.
Its world-class learning design - with insightful examples, thought primers, learning activities, case studies, review questions, and tutorial questions - ensures that you will have a richer understanding of the subject theory and practices.
In your professional journey with Engineering Insurance, you will develop knowledge and understanding about how insurance provides economic safeguards against the risks faced by, installation projects, and machines and equipment in project operations.
Learning Outcomes
On completion of this course, you should be able to:-
- Explain the important aspects and the background of engineering insurance and the relevant insurance principles.
- Relate the evolution of machinery from mechanical and electrical to electromechanical machines, future development and reasons for insurance against failures and breakdown.
- Discuss the important aspects of surveys for engineering insurance underwriting.
- Describe the coverage, exclusions, and underwriting provisions of engineering-related coverages:
- Machinery Breakdown Loss of Profit insurance
- Machinery Breakdown insurance
- Boiler and Pressure Vessels insurance
- Electronic Equipment insurance
- Deterioration of Stocks insurance
- Storage Tank insurance
Course Outline
- 2.1: Coverage
- 2.2: Sudden and Unforeseen Physical Loss or Damage
- 3.1: Machinery Breakdown (MB)
- 3.2: Boiler & Pressure Vessel (B&PV)
- 4.1: Deterioration of Stock (DOS)
- 4.2: Loss of Profits (LOP) following Machinery Breakdown
- 4.3: Electronic Equipment Insurance (EEI)
- 5.1: Underwriters' Evaluation
- 6.1: Role of Adjusters
- 6.2: Appointing Specialists – Forensic Accountants
- 6.3: Adjustment Examples
- 6.4: Application of Legal Principles
Price: US$275
Course Features
- Modules 6
- Duration 5 Weeks
- Content Type Text & media
- Assessment Yes
- Pass Percentage 70%
- Certificate Yes
