Course Outline

SFTY 450 : Loss Control & Insurance

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Last approved: Mon, 11 Jan 2016 17:38:28 GMT

Last edit: Mon, 11 Jan 2016 17:38:27 GMT

College of Aeronautics (WAERO)
Loss Control & Insurance
The principles of loss control, insurance, and financial risk management, as they apply to the SHE professional, are studied in this course. The basic concepts of financial risk management, legal principles, property and liability insurance, life and health insurance, employee benefits, social insurance, and functional and financial operations of insurers will be examined. Primary emphasis is placed on consumer considerations, coverage of personal risk management, and financial planning.

This course will familiarize students with the basic information applicable to personal and professional RiskManagement practices. The focus is on how we can protect both ourselves and the organizations where we work with prudent risk control and risk financing practices.

Upon course completion, students will be able to:

1. Identify in writing definitions, principles, and concepts discussed in the selected textbook.

2. Describe the basic concepts of Risk Management and Insurance.

3. Describe the need for and the methods of risk control and risk financing.

4. Describe the personal Risk Management applications: a. Loss of Life b. Loss of Health c. Retirement Planning and Annuities d. Employee Benefits: Life and Health Benefits e. Employee Benefits: Retirement Plans f. Financial and Estate Planning g. Auto and Home Owners5. Describe commercial Risk Management Applications:a. Commercial Property b. Business Liability and Risk Management Insurance c. Workers Compensation d. Alternative Risk Financing

6. Describe the Risk Management Environment: a. Risk Management and the Insurance Industry b. Functions and Organization of Insurers & Reinsurance c. Government Regulation of Risk Management and Insurance

7. Investigate and explain in writing how Lloyd’s of London operates.

8. Investigate and explain in writing how the Bermuda Insurance Market functions.

9. Investigate and explain in writing how the Reinsurance Market operates.

10. Demonstrate appropriate selection and application of a research method and statistical analysis (where required), specific to the course subject matter. (Effective July 1, 2013)

Located on the Daytona Beach Campus, the Jack R. Hunt Library is the primary library for all students of the Worldwide Campus. The Chief Academic Officer strongly recommends that every faculty member, where appropriate, require all students in his or her classes to access the Hunt Library or a comparable college-level local library for research. The results of this research can be used for class projects such as research papers, group discussion, or individual presentations. Students should feel comfortable with using the resources of the library. 

Web & Chat:
Text: (386) 968-8843
Library Phone:  (386) 226-7656 or (800) 678-9428


Written assignments must be formatted in accordance with the current edition of the Publication Manual of the American Psychological Association (APA) unless otherwise instructed in individual assignments.

ActivityPercent of Grade
Input Grading Item100

Undergraduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
60 - 69% D
0 - 60% F

Graduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
0 - 69% F
Mr. James Keane, A.A.A.E. - 3/1/2015
Mr. Scott Burgess - 3/1/2015
Dr. Dennis Vincenzi - 3/1/2015
Dr. Kenneth Witcher - 3/1/2015
Key: 130