Description

Insurance professionals and risk managers alike need to understand the issues surrounding business continuity management (BCM), and this course will provide that knowledge base. You will learn the vital information necessary to develop a full risk transfer mechanism that ties business-related impacts to insurance coverage and helps identify strategies leading to better use of extra expense insurance coverage. Starting with a view of business continuity from risk assessment and mitigation, and continuing through claims processing, the course focuses on and strategies that will help companies reduce the impact of disasters. The analysis phase provides a greater understanding of quantifiable impacts that can then be applied to accurately calculating business interruption insurance. The strategic options that help companies relocate business operations and recover data elements may determine the amount of extra expense insurance required by a company.

Objective

1. Differentiate between business continuity, disaster recovery, emergency response, crisis management and response management

2. Identify the components of business continuity

3. Recognize the organizational drivers for business continuity management

4. Define and describe the role of the insurance professional regarding business continuity

5. Apply insurance principles and products to support business continuity

Outline

Lesson 1: What is business continuity?

Lesson 2: Why are organizations doing business continuity?

Lesson 3: What are the main components of business continuity?

Lesson 4: Who needs business continuity?

Lesson 5: What role can insurance play in business continuity?

For in-person courses:

This course will be held in-person and the exam will be held on the morning of the final day. As soon as you are finished taking the exam, you will be able to leave for the day. A computer is required for this course in order for you to take the exam. The system requirements will be sent to you via email together with information about how to access the course materials prior to the start of the course.

For courses held online:

All online courses are held via Zoom and a computer is required for this course. The system requirements will be sent to you via email together with information about how to access the course materials prior to the start of the course. You will also be provided with instructions for how to take the exam online following the course.

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