Law & Risk Management

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 a foundation in the basic principles of law and risk management, helping you deal with everyday legal and risk issues.

The new application-based microlessons provide a guided tutorial for the correct process of creating a deed and the legal aspects of enforcing it, tools and strategies to ensure your lease agreements are fully compliant – minimizing risks and maximizing returns, and an understanding of how to manage insurance coverage strategically, ensuring optimal protection while avoiding over-insurance pitfalls.

Learning Objectives

Upon successful completion of this course, learners will be able to:

  • Discuss the issues surrounding contracting law
  • Explain the legal aspects of real estate financing
  • Understand environmental law and land use
  • Identify potential legal liability situations
  • Formulate effective loss control programs
  • Understand insurance policies needed to help protect your company from potential liability claims
  • Describe how underwriting for insurance affects your coverage
  • Provide comprehensive employee benefit plans

Major Topics Covered

  • 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
  • Claims adjustments

Table of Contents

  • Torts
  • Contracts
  • Types of Owners and their Employment Relationships
  • Property Interests
  • Conveying and Financing Real Estate
  • Leases and the Landlord-Tenant Relationship
  • Environmental Law and Land Use Regulation
  • Introduction to Risk management
  • Insurers and Insurance Representatives
  • Insurance Company Operations
  • Property and Business Income Insurance
  • General Liability, Automobile, and Umbrella Insurance
  • Insurance for Employees and professionals
  • Environmental Liability Insurance
  • Handling the Claims Adjustment Process
deliverymethods

This course is available through the following delivery options:

  • Online Self-Paced
  • Collaborative Virtual Learning
certifications

This course does not apply to any BOMI certificates.

desingations

This course applies to the following BOMI designation:

  • RPA® – Real Property Administrator