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Commercial Liability Risk Management syllabus

ISN 2146 units · 30 topicsAcademic year 2083/84
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Commercial Liability Risk Management

6 units

1. Introduction (6 LHs)

  1. Commercial liability concept and importance
  2. Risk nature and sources
  3. Personal versus commercial liability
  4. Nepal liability insurance market
  5. Insurer, reinsurer, broker and regulator roles

2. Commercial Liability Risk (8 LHs)

  1. Civil, contractual, tort and statutory foundations
  2. Scope and classification
  3. Premises, operations, product, cyber, environmental and employment exposures
  4. Risk assessment methods and tools
  5. Insured and insurer perspectives
  6. Nepal claims trends

3. Commercial Liability Insurance (10 LHs)

  1. General liability exposures and CGL policy
  2. Employment practices and workers compensation
  3. Commercial auto and aircraft insurance
  4. Underwriting and ratemaking
  5. Claims handling and settlement

4. Commercial Umbrella Policy and Professional Liability Insurance (10 LHs)

  1. Umbrella and excess liability policies
  2. Cyber liability and Businessowners Policy
  3. Professional liability for doctors, engineers, architects, accountants, auditors, lawyers and directors/officers

5. Emerging Issues in Commercial Liability Risk Management (6 LHs)

  1. Global threats and trends
  2. Cybersecurity and data privacy
  3. Environmental and pollution liability
  4. Digital-economy product liability
  5. Social inflation and cross-border risk
  6. Catastrophic-liability reinsurance

6. Regulatory and Governance Framework in Nepalese Liability Insurance (8 LHs)

  1. NIA regulation and insurer compliance
  2. Mandatory motor, aviation and professional liability cover
  3. Governance and ethics
  4. Policy documentation, disclosure and reporting
  5. Market-development challenges