Law and Risk Management

Required in:

In today's complex business environment, it is becoming increasingly important for property managers to know how to address legal and risk management issues. This course will provide you with a foundation in the basic principles of law and risk management, helping you deal with everyday legal and risk issues surrounding your business. In addition to covering leasing and conveyance, the course covers important issues concerning torts, contracts, employer/ employee relations, property rights, and environmental law. The course also describes the risk management process, covering the assessment of loss exposures and determining how to handle the daily risks that property managers encounter. You will learn about the insurance market, different types of insurance policies, and the claims adjustment process. The course also covers equipment breakdown insurance, which is an area of growing concern for real estate managers.

Major topics covered in this course

• Conveying and financing real estate
• Contracts
• Property interests
• Premises liability
• Environmental law and concerns
• Employment relationships and agency
• Introduction to risk management
• Insurance company operations
• Principles of insurance and insurable risk
• General liability insurance and employee benefit plans
• Loss exposures

You will take away these key concepts and skills

• Knowledge of contract law
• Insight into real estate financing
• Awareness of environmental law and land use
• Ability to identify potential legal liability situations
• Skills in formulating effective loss control programs
• An understanding of insurance policies needed to help protect your company from potential liability claims
• Insight into insurance underwriting and how it affects your coverage
• Guidance in providing comprehensive employee benefit plans

This course offers the skills you need to help you deal with everyday legal and risk management issues surrounding your business. It will address complex legal matters such as contracts, property rights, and real estate financing as well as risk management issues such as insurance markets, insurance policies, and environmental law.

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