Reaccreditation

Like any business person, a farmer has to practice good management techniques, including proper risk management of all phases of the farming operation. Sound risk management techniques include exposure avoidance, loss control, contractual risk transfer, retention, and insurance. Those who provide risk management products and services to this market must also be familiar with these issues. This course presents the concept of risk management as it applies to farmers and their business and offers an understanding of the various forms of insurance designed for this market. The course covers farm property coverage, farm liability coverage, farm livestock coverage, farm umbrella coverage, products for large commercial farm corporations, and crop insurance.

This course provides an overview of risk transfer in agricultural contracts, with specific attention to the risk and insurance implications. It reviews the structure of contracting relationships and the key provisions in which responsibilities and liabilities are allocated to the contracting parties, and suggests methods to equitably allocate these liabilities. It also discusses the relationship of contractual risk transfers to other traditional and enterprise risk management techniques and the various means by which contracts are used to transfer risks from an indemnitee to an indemnitor. It also examines the contractual liability coverage available in commercial general liability, farm liability, and auto liability policies and some key endorsements along with additional insured requirements, waivers of subrogation, and certificates of insurance in the context of contracts.

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Although there is a fairly simple definition of a named insured, there are issues such as others that, although unnamed, fall within the policy definition of an "insured" and varying definitions. Approaches in different policies can also make it challenging to be sure each policy is properly written. This course is designed as a guide for determining who can be a named insured and "other insureds" under policies that are commonly used to insure farm risks.

This course provides an overview of the various federal and state laws that impact agricultural employers. Of particular note are the Agricultural Workers Protection Act, Migrant Seasonal Workers Protection Act, and the H-2A Guest Worker Act. AWPA/MSPA protects agricultural workers who are migrant and seasonal by establishing employment standards related to wages, housing, transportation, mandatory disclosures, and record keeping. The H-2A Agricultural Guest Worker Program is a federal program that allows employers in farming and harvesting to bring in foreign workers when there is a shortage of US workers.  This course reviews the Acts in detail, covering all requirements, the consequences of being out of compliance, risk control measures, and insurance implications.

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Insurance professionals and risk managers must be aware of exposures arising for employment law claims. There are a number of laws that impact employment law. Employment-related claims can be very costly, driven by the high attorney's fees involved in these claims. The cornerstone law, Title VII, protects against discrimination, harassment, or retaliation based on certain protected categories. Title VII makes it illegal for an employer to fail or refuse to hire or discharge any individual, or otherwise to discriminate against any individual, with respect to compensation, terms, conditions, or privileges of employment because of an individual's race, color, religion, sex, or national origin. This course will review the Acts in detail focusing on discrimination based on sex, gender, religion, racial, and national origin, along with insurance implications for the various exposures.

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Though there is no current requirement that drones be insured, the number of accidents that happen--and the types of accidents that can happen--make it imperative that drone owners and operators protect themselves with liability insurance. As more and more hobbyists and businesses acquire and use drones, they will be asking their insurance agents some important questions. This course provides an overview of small drone loss exposures, drone regulation, potential risk exposures, and insurance coverage options. Producers who complete this course will be better equipped to answer their customers’ questions.

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Flood losses have increased dramatically over the past few years, making flood insurance a critical coverage for home owners. Yet many home owners have never purchased flood insurance. There are a number of reasons for this including availability of coverage, a mistaken belief that flood is covered under their homeowners insurance policy, and a perception that they are not at risk for a loss. Until recently, the National Flood Insurance Program (NFIP) offered the most viable option. However, recent technological advances have improved insurers' ability to evaluate flood risks and opened the door to private insurance that can either complement or replace the coverage available from the National Flood Insurance Program.

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This course is intended to help auditors and other finance professionals learn to recognize and address risks of fraud, waste, and abuse in their areas of operation. Practical solutions are offered for weaving fraud detection and recognition into daily processes to maintain process flow while protecting against wrongdoing. The course addresses fraud occurring within the primary processes inherent in any organization, regardless of industry. Students will gain an understanding of how fraud affects every organization, and how to recognize and address the symptoms that will help them become more vigilant.

Crop insurance is vital to farmers, helping them overcome the effects of events that reduce or destroy their crops. Crop insurance protects agricultural producers against either the loss of the crops themselves arising from natural disasters such as drought and hail, or the loss of revenue on the sale of their crops due to declines in the price of agricultural commodities. This course offers a comprehensive understanding of crop insurance, including private crop-hail insurance, federal crop insurance, and Whole-Farm Revenue Protection crop insurance.  The course also examines factors that should be considered when buying or selling crop insurance.