M-205: Risk Management Training

Learn how to protect your community and respond to emergencies.
This course shows you how to prepare for your community’s future by identifying insurance risks and addressing critical issues. Learn how to optimize your community’s risk-management program and gain strategies and resources for evaluating property coverage, reporting losses and managing claims. 
Topics include:
• Assessing insurance risk
• Reviewing alternative risk-management techniques
• Developing a request for proposal for insurance coverage
• Responding to losses
• Managing insurance claims
• Monitoring and improving risk-management programs
Learning Objectives
Module 1: Risk Management
How to apply the risk management process to community association- using property as the primary example of exposures to possible loss.
- Conduct an initial inventory of an association’s current risk management situation.
- Use appropriate resources to identify an association’ exposures to possible loss.
- Recognize and respond to exposure to possible loss that requires immediate attention.
- Analyze an association’s exposures to possible loss.
- Identify roles in developing a risk management program.
- Identify alternative risk management techniques.
Module 2: Role of Insurance in Risk Management
Implement Risk Management Techniques in the Risk Management Process.
- Identify important aspects of an association’s fact sheet
- Identify important request for proposal terms
- Identify and describe the various types of insurance coverage typically found in community association programs.
- Identify bid specifications for a insurance proposal
- Identify and define claim process terms.
- Identify perils of an incorrect claim process.