Legal liability can be defined as an obligation, created by law, which creates a duty upon a person or entity to act or refrain from acting in a particular manner. Breach of that duty exposes the responsible party to financial loss if that breach results in injury or damage to another party.
This course addresses how to limit an organization's liability to third parties as a result of unintentional injury or property damage by using contractual “risk transfer.” Risk transfer, a widely used risk management tool, is triggered by indemnification and hold harmless agreements, and this course describes and clarifies the obligations and benefits they impose.
Business Owners, Executives, Risk Managers, and Insurance Professionals
TIME TO COMPLETE
To address the benefits and risks of indemnification and hold harmless agreements.
This program has been approved for 1.75 recertification credit hours toward PHR, SPHR, and GPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, visit the HRCI homepage at www.hrci.org.
(The use of this seal is not an endorsement by the HR Certification Institute of the quality of this program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.)
SOCIETY FOR HUMAN RESOURCE MANAGEMENT
The Human Equation is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.75 PDCs for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
The Florida Bar
The Florida Bar's Board of Legal Specialization and Education has accredited this course for 2.0 General Continuing Legal Education (CLE) credits. For more information about CLE credits, visit The Florida Bar homepage at www.floridabar.org.
Florida Community Association Management
This course has been approved for 1.00 credit hour in "OPP" or "ELECTIVES, DISTANCE" toward the Florida Community Association Management Continuing Education Program.
- Course Objectives
- Chapter 1: Legal Liabilities
- How to Reduce Liabilities
- Indemnification and Hold Harmless Agreements -Overview
- Indemnification and Hold Harmless Agreements -Risk to Indemnitor
- Indemnification and Hold Harmless Agreements -Example
- Chapter 2: Contracts and Enforceability
- Contracts That Must Be In Writing
- Chapter 3: Indemnification Agreements Overview
- Transferring Civil Liabilities
- Third PartiesRight to Enforce Agreement
- Chapter 4: Types of Indemnification Agreements
- Broad Indemnity - Overview
- Broad Indemnity -Features
- Broad Indemnity- Limitations
- Intermediate Indemnity -Overview
- Intermediate Indemnity -Features
- Limited Indemnity -Overview
- Limitation of Liability Clauses -Features
- Limitation of Liability Clauses -Limitations
- Limitation of Liability -Clauses
- Chapter 5: Insurance and Indemnification Agreements
- Insurance Company Obligations
- Insured ContractsOverview
- How to Secure Financial Obligations
- Are Certificates of Insurance Binding Instruments?
- Additional Insured -Overview
- Additional Insured -Liability for Negligence
- Additional Insured -Coverage
- Additional Insured -Benefits
- Additional Insured -Coverage Limitations
- Chapter 6: Conclusion
- Chapter 7: Quiz
- Quiz (multiple choice)
- Chapter 8: Time to Review