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The Institutes Knowledge Group The Institutes Knowledge Group

The Institutes Knowledge Group The Institutes Knowledge Group

CPCU 557: Understanding Commercial Risk

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Overview Skills You’ll Gain Exam Prep Tools FAQs

Overview

Provide well-rounded support to customers with a strong understanding of commercial risk management. By completing CPCU 557, you’ll gain skills in property coverage, business income coverage, mitigating crime losses, managing payments for employee illness and injury, and more.

6-8 WEEKS
Strategic

Skills You’ll Gain

checkmark Identify building and personal property coverage gaps so you can help customers choose the best coverage options for them

checkmark Help customers understand the benefits of business income coverage so they can minimize disruptions after a loss or disaster

checkmark Clearly explain how customers can manage employee illness and injury payments so they have a plan for when an employee gets sick or hurt on the job

Ready-Made Career Skills:

  • Small Business Insurance
  • Business Insurance Planning
  • Commercial Insurance
  • Risk Management
  • Claims Resolution

Assignments

Assignment 1:
Examining Building and Personal Property Coverage
70 Minutes
Assignment 2:
Applying Building and Personal Property Conditions
60 Minutes
Assignment 3:
Examining Business Income Coverage
50 Minutes
Assignment 4:
Mitigating Crime Losses
60 Minutes
Assignment 5:
Examining Commercial General Liability Coverages
60 Minutes
Assignment 6:
Applying Commercial General Liability Coverages
50 Minutes
Assignment 7:
Analyzing the Business Auto Coverage Form
60 Minutes
Assignment 8:
Managing Payments for Employee Illness and Injury
50 Minutes
Assignment 9:
Meeting Other Commercial Coverage Needs
50 Minutes
Study Plan

Exam Prep Tools

CPCU 557 comes with proven, comprehensive study materials to help you pass The Institutes Designations' exam with confidence:

  1. Online Course and Printed Course Book: Learn in the format that works best for you, depending on the course package you choose.
  2. Practice Quizzes: Quickly see where your knowledge gaps are with online practice quizzes for each assignment and for the full course. You can take them as many times as you want!
  3. Simulated Exam: Designed to give you the full experience of your final exam, the simulated exam is a timed exam that you can take only once. It mimics the exam structure and level of questions you’ll find on the actual exam. Students who take their Institutes simulated exam pass their exams at higher rates than students who don’t. 
  4. Discussion Boards: Better understand how concepts you’re learning apply to real-life, professional experiences by connecting, gaining tips, and sharing best practices with other individuals in your field.
  5. Flashcards: Test yourself on key terms with flashcards that help you fit studying into your busy schedule. 

Try CPCU For Free!

Sample the CPCU designation in just 30-60 minutes to make sure it’s the right fit for you!

FAQ

FAQs

  1. Does this course give me credit toward The Institutes Designations?
    • Yes! CPCU 557 gives you credit toward the CPCU and Associate in Commercial Underwriting (AU) designations.
  2. How long does the course take?
    • CPCU 557 typically takes students 6-8 weeks to complete.
  3. How is The Institutes Designations' exam structured?
    • Virtual exams are timed. You will have 65 minutes to complete 50 questions.
  4. What’s included in my course materials? 
    • In addition to the online course, you have access to assignment quizzes, practice exams, discussion boards, and a simulated credentialing exam. Depending on the package you choose, you may receive a printed course book as well. 
  5. How do testing windows work?
    • We offer The Institutes Designations' exams in 4 testing windows throughout the year. You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
      • Quarter 1: January 15 – March 15
      • Quarter 2: April 15 – June 15
      • Quarter 3: July 15 – September 15
      • Quarter 4: October 15 – December 15