Per the New York Department of Financial Services, you cannot receive CE credit for any course previously used for your license renewal (based on the course approval number).
Instructor Christopher Boggs
4 CE (PC,BR,C3,PA) NYCR-258933
Contractual risk transfer is a common risk management technique. The purpose is to push the responsibility for any injury or damage down to the party closest to and best able to control the operation or the outcome the person or entity doing the work. Upper tier contractors have the potential to be held vicariously liable for the actions of their subcontractors, so they use contractual risk transfer as one method for mitigating their exposure; that’s just good risk management.
Beyond contractual risk transfer, upper tiers generally place specific insurance requirements on the lower tier (or downstream) contractor. One of these requirements is that the lower tier name the upper tier (the upstream contractor) as an Additional Insured on its policy. What affect does this have on the lower tier’s coverage?
With all the contractual risk transfer and insurance requirements in place, the upper tier is going to ask for proof that the lower tier has complied with all the requirements by providing a Certificate of Insurance. The problem with certificates is all the weird and excessive wording sometimes requested or required. Should the agent comply with these requirements?
In this class we discuss:
- The basics of contractual risk transfer; how it is accomplished and key provisions agents should look for and look out for
- How Additional Insured status affects the lower tier’s policy and protection
- The do’s and don’ts of Certificates of Insurance
How do I test my system?
To test your system please log in at My ABEN Account and click on the Launch Viewer button for the purchased seminar.
How do I access the course materials?
To download course materials, log into your account at My ABEN Accountand click on the course Handouts button.
How do I access the live broadcast?
If you purchased a live webcast, on the day of the broadcast, plan to log in 30-60 minutes prior to the start time. To access the webcast, log in to your online user account at My ABEN Account.
If clicking any of the above links doesn't seem to work, you can copy and paste the link into your browsers address window, or retype it there.
Additional Questions and Support
You can find commonly asked questions at ABEN Support.
For Commercial Lines Agency Staff
Big I NY Members: $100 per person **
Non-Members: $140 per person **
Please note, you will register on the ABEN website with a separate ABEN login and password
Register Now (You will be leaving the Big I New York website)
Questions? Contact ABEN at firstname.lastname@example.org or 877-602-9877
**Member Bundles available 5-8 for $275 or Bundle 1-8 for $500
**Non-Member Bundles available 5-8 for $365 or Bundle 1-8 for $670