Risk Management and Financial Protection: Strategies for Insurance, Contracts, and Self-Insurance - Safety Professionals Continuing Education, 30 Hours

Accepted for:

BCSP Category 7: Safety Related Courses, Distance Learning, 3 Points

IHMM Category II: Professional Development Activities (Continuing Education), 30 CMPs

BGC Category 4: Attendance at Educational Programs, 5 CM Points 

Here's How Simple It Is:

1. Read the material online
2. Complete the quiz online
3. Get your certificate of completion immediately and earn professional development credit towards your recertification
   

Course Outcome

≥93% of participants will expand their expertise in identifying, applying, and managing financial protections that prevent safety incidents from becoming costly business losses.

Course Objectives

After completing this course, the participant will be able to:

• Explain the core principles of risk transfer, including how insurance, contracts, and self-insurance models reduce the financial impact of safety incidents.
• Recognize and apply key insurance coverages such as general liability, workers’ compensation, and environmental liability within the context of workplace safety.
• Analyze contract language such as indemnification clauses, hold harmless agreements, and additional insured provisions to ensure enforceable risk protections.
• Assess self-insurance and captive insurance options, including when and how they align with organizational safety and risk management goals.
• Integrate risk transfer into safety management systems and compliance strategies, including ISO 45001 and OSHA frameworks.
• Collaborate effectively with legal, financial, and operational teams to embed shared risk accountability across the organization.

Who Should Enroll? 

• Certified Safety Professionals (CSP), Associate Safety Professionals (ASP), Safety Management Specialists (SMP), Safety Trained Supervisors (STS/STS-C), and Construction Health and Safety Technicians (CHST): Credentialed professionals looking to expand their knowledge in financial risk protection, insurance literacy, and contract enforcement within safety programs.
• HSE Managers and Coordinators: Safety leaders responsible for budgeting, contractor management, or safety-related risk mitigation across multiple departments.
• Risk Management Professionals: Individuals involved in insurance placement, self-insurance strategy, or enterprise risk planning who want to strengthen alignment with safety teams.
• Procurement and Compliance Specialists: Those overseeing vendor contracts, COI tracking, or regulatory documentation tied to safety responsibilities.
• EH&S Consultants and Trainers: Practitioners providing advisory or instructional services in occupational safety, legal compliance, or risk reduction frameworks.