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 surrounding your business. In addition to covering leasing and conveyance, the course covers essential 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 insurance policies, and the claims adjustment process. The course also covers equipment breakdown insurance, an area of growing concern for real estate managers.

This course offers the skills 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.

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

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