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.
- Insurance Requirements
HR CERTIFICATION INSTITUTE
This Activity has been approved for 1.75 HR (General) recertification credit hours toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). The use of this official seal confirms that this Activity has met HR Certification Institute's® (HRCI®) criteria for recertification credit pre-approval.
SOCIETY FOR HUMAN RESOURCE MANAGEMENT
This Activity has been approved for 1.75 PDCs toward SHRM-CP® or SHRM-SCP® recertification. The Human Equation is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.