The Construction Risk Insurance Specialist
The CRIS continuing education (CE) program was developed by IRMI to make it much easier for construction financial officers and managers, controllers, in-house risk managers or insurance buyers, and their agents, brokers, and underwriters to gain specialized expertise in construction insurance and risk management. Construction financial and risk professionals who obtain the certification will have the knowledge to make wiser insurance and risk management decisions for their employers and work more effectively with their agents/brokers. Obtaining the CRIS certification will increase the competence, confidence, and credibility of insurance professionals who sell or underwrite insurance for contractors. A CFO, CFM, controller, or construction risk manager who buys insurance from a CRIS designee will know he or she is dealing with someone who is knowledgeable about the specialized needs of contractors.
Who Should Take the CRIS Program?
Anyone who designs, sells, buys, or underwrites construction insurance programs should consider taking the CRIS program. You should consider the CRIS continuing education program if you are a(n):
The Construction Risk and Insurance Specialist (CRIS®)
core curriculum is comprised of five basic-to-intermediate-level
courses. All of the courses are directly focused on the unique risk
management and insurance needs of construction projects and contractors.
They are designed for construction industry financial executives, risk
managers, insurance buyers, adjusters, and the insurance agents,
brokers, and underwriters who serve the construction industry.
Completing the core curriculum qualifies you to use the CRIS certification for 24 months and additional courses or seminars may be completed during that period and every 12 months thereafter to maintain the certification. Generally one online course or one approved seminar or conference will satisfy this renewal requirement.
CRIS Core Courses
Once you earn the CRIS certification you must complete required continuing education to maintain it. You must obtain 7 hours of approved construction risk and insurance continuing education credit during the 24 months following initial receipt of the certification and every 12 months thereafter. You may obtain this CE credit by completing online CRIS courses through IRMI or by attending seminars or conferences that have been approved for CRIS reaccreditation (and notifying us that you have completed them). All 5 core classes are approved for reaccreditation hours.
Reaccreditation Courses Offered at IIAMD:
Additional Insured Issues
This course introduces important risk management and insurance concepts for all contracting parties to a construction project. It provides an overview of the ways in which insured status under another party’s insurance program can be used as a risk transfer technique and examines in detail the terms and conditions on which insured status is provided in all the major lines of construction insurance. Particular emphasis is placed on additional insured status under general liability insurance, since that is where the most important contractual risk transfers are located. The course describes and analyzes standard endorsement language used to make owners, contractors, subcontractors, lessors, and design professionals insureds under another entity’s commercial general liability (CGL) policy. It explores complex and emerging coverage issues such as “other insurance” concerns, recent revisions to the most widely used CGL additional insured endorsements, problematic coverage exposures such as completed operations and third-party-over suits, and relevant caselaw interpreting the language under which additional insured status is provided.
The course also addresses insured status under other construction-related lines of insurance—commercial auto, builders risk, and workers compensation, explaining the coverage features typical of each line and the risk-transfer significance of insured status under these policies.
Umbrella Liability Insurance for ContractorsThis course examines various coverage concepts that are unique to umbrella policies, including the following: the various ways an umbrella policy might organize coverage; the scope of coverage provided by an umbrella policy insuring agreement; common limitations and restrictions imposed on contractors; the importance of examining the terms of the contractor’s limitations endorsement; how an umbrella policy’s attachment point may be adjusted over time; the meaning of follow form coverage and the areas of coverage in a contractor’s umbrella policy; how umbrella policy limits and self-insured retentions (SIRs) apply; the difference between horizontal and vertical exhaustion of policy limits; the conflicts between construction contract provisions and umbrella policy conditions; and the impact of a failure to maintain underlying coverages.
CRIS CORE COURSE SCHEDULE
CRIS REACCREDITATION COURSE
**CRIS core courses can also be taken for reaccreditation**