Driving Business Through Commercial Auto Insurance

Understanding the Coverage that Drives Business

$8.00 + your state filing fee
4 Credit Hours

This course favors P&C insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • Examine all aspects of commercial auto coverage, including eligible vehicles, standard coverage forms, exclusions, and more
  • Discuss the differences between personal and commercial auto policies
  • Provide key definitions agents will likely encounter when working with commercial auto insurance

Summary

Commercial Auto Insurance is a policy of physical damage and liability coverages for amounts, situations and usages that are not covered by personal auto policies. Understanding the differences between personal and commercial auto policies – and when you need which – is important for business owners and your potential policyholders. In this course, we will discuss all aspects of commercial auto coverage, including eligible vehicles, standard coverage forms, exclusions and more – along with providing you with key definitions you will likely encounter when working with commercial auto insurance.

Outline

1. Introduction

  • 1.1 Overview
  • 1.2 Commercial Auto Coverage and Auto Forms
  • 1.3 Eligible Vehicles
  • 1.4 Summary
  • Chapter 1 Quiz

2. Business Auto Coverage Form

  • 2.1 Declaration Page
  • 2.2 Who Can Be Insured
  • 2.3 Coverages and Covered Autos
  • 2.4 Summary
  • Chapter 2 Quiz

3. Liability Coverage Policy Language

  • 3.1 Covered Autos Liability Coverage
  • 3.2 Who Is Insured?
  • 3.3 Coverage Extensions/Supplementary Payments
  • 3.4 Out-of-State Extensions
  • 3.5 Exclusions
  • 3.6 Limit of Insurance
  • 3.7 Summary
  • Chapter 3 Quiz

4. Additional Coverage

  • 4.1 Physical Damage Coverage
  • 4.2 Comprehensive Coverage
  • 4.3 Collision Coverage
  • 4.4 Specified Causes of Loss
  • 4.5 Towing Coverage
  • 4.6 Transportation Expenses
  • 4.7 Physical Damage Exclusions
  • 4.8 Deductible
  • 4.9 Limit of Insurance
  • 4.10 Summary
  • Chapter 4 Quiz

5. Common Policy Conditions

  • 5.1 Cancellation
  • 5.2 Premiums
  • 5.3 Changes
  • 5.4 Inspections and Surveys
  • 5.5 Examination of Insured’s Books and Records
  • 5.6 Transfer of Rights and Duties Under the Policy
  • 5.7 Loss Conditions
  • 5.8 General Conditions
  • 5.9 Summary
  • Chapter 5 Quiz

Final Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.