SBCS

small business Coverage Specialist

Prepared by George E. Krauss, D.Ed., CPCU, CLU, ChFC, ARM, president of The Magellan Group, SBCS is the only coverage-specific designation focused on the following coverages:
Businessowner Policy | Auto Coverage | Workers Comp | Home-based Businesses | Commercial Insurance

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About the SBCS Small Business Coverage Specialist Designation

The SBCS SMALL BUSINESS COVERAGE SPECIALIST curriculum is based on the most important document in the insurance industry: the insurance policy. The curriculum is presented through four Coverage Guides and five e-learning programs. Materials are adapted from expert insurance coverage materials produced by the staff of FC&S Expert Coverage Interpretation and Coverage Guide Series.

Students completing the SBCS program have demonstrated extensive knowledge in a critical functional area of property and casualty insurance practice-insurance policy coverage-and will have applied that knowledge in real-life case study exercises.

Who is it for?

The SBCS Designation is recommended for the following

Benefits of Attaining the SBCS Designation

+Advanced coverage expertise and career professionalism.

+Complete reference set of Small Business Coverage Guides from the editors of renowned FC&S Expert Coverage Interpretation.

+Industry and peer recognition for advanced knowledge in coverage areas.

+Optional CE credits may be available for various components of the SBCS Designation program. Contact Customer Service for instructions PRIOR to taking your exam.

Program Completion

The SBCS Small Business Coverage Specialist designation is earned through ALM |PC360 Education or through an authorized instructional academy. The curriculum is presented through four Coverage Guides and five e-learning programs. Materials are adapted from expert insurance coverage materials produced by the staff of FC&S Expert Coverage Interpretation and Coverage Guide Series.

Requirements:

Authorized Insurance Academy

Curriculum Outline

II. Businessowners
  1. Introduction and Eligibility
  2. Introduction and Eligibility
  3. Lesson 3: Additional Coverage’s and Extensions
  4. Lesson 4: Liability Coverage
  5. Lesson 5: Common Policy Conditions
  6. Lesson 6: Common Endorsements
III. Small Business Auto
  1. Analysis of the standard business auto policy
  2. Endorsements used with policies
  3. Discussion of coverage issues
IV. Workers Compensation
  1. Coverage Part I
  2. Coverage Part II
  3. Duties and Conditions
  4. Endorsements
  5. Federal Workers Compensation
  6. Lesson 6: Issues in Workers Compensation
V. Home-Based Business
  1. Eligibility and Policy Overview
  2. Property Coverages, Exclusions, and Conditions
  3. Business Income Coverage: Loss of Income; Extended Business Income
  4. Business Income: Extra Expense; Civil Authority; Options; Limitations; and Exclusions
  5. Liability Coverage: Who is an Insured; Coverages and Limits
  6. Exclusions Applying to Liability Coverages Part I
  7. Exclusions Applying to Liability Coverages Part II
  8. Options and Endorsements