Law and Risk Management
In today's complex business environment, it is increasingly important for property managers to know how to address legal and risk management issues. This course will provide you with a foundation in the basic principles of law and risk management, helping you deal with everyday legal and risk issues surrounding your business. In addition to addressing leasing and conveyance, the course covers important issues on torts, contracts, employer/employee relations, property rights, and environmental law. The course also describes the risk management process, covering the assessment of loss exposures and determining how to handle the daily risks that property managers encounter. You will learn about the insurance market, different types of insurance policies, and the claims adjustment process. The course also covers equipment break down insurance, which is an area of growing concern for real estate managers.
Topics include:
- Conveying and financing real estate
- Contracts
- Property interests
- Premises liability
- Environmental law and concerns
- Employment relationships and agency
- Introduction to risk management
- Insurance company operations
- Principles of insurance and insurable risk
- General liability insurance and employee benefit plans
- Loss exposures
Learn:
- Contracting law
- Financing for real estate
- Understanding of environmental law and land use
- Identifying potential legal liability situations
- Formulating effective loss control programs
- Understanding of insurance policies needed to help protect your company from potential liability claims
- Underwriting for insurance and knowing how it affects your coverage
- Providing comprehensive employee benefit plans
ACE credit recommendation: 2 semester hours, lower or upper division baccalaureate in Insurance, Real Estate, or Business Administration.
Available Delivery Options:
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Classroom
Self-Study-Traditional and Interactive
Accelerated Review
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Designations/Certificates:
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RPA®
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