Understanding Risk Management and Insurance
The E Light University is a program designed to help educate our employees in business, project management, supervision, personnel management, Lean construction practices, LEED building practices and the E Light Way. We will offer individual modules so that you can seek out education topics that interest you. We will also be developing programs so that you can earn certificates of completion in Lean Construction, Supervision, Customer Relations and more.

This module will introduce you to the concepts of risk management, performance & payment bonds and insurance. We will explore types of risk, types of coverage, builders risk, liability and other types of insurance that you need to understand as a supervisor or project manager. 

Please click on the link below to be directed to the Managing Risk and Insurance Module. Review the information contained in the module. When you have completed the module close it and return to this page to take the test.

THE INFORMATION CONTAINED IN THIS MODULE IS INTRODUCTORY IN NATURE AND THEREFORE BASIC TO THE CONSTRUCTION INDUSTRY IN GENERAL.  IT IS NOT A DESCRIPTION OF E LIGHT ELECTRIC SERVICES PROCEDURES AND POLICIES.

Complete the 10 question test below and submit your answers. Be sure to include your full name and email address so that we can respond with your grade.

A certificate of completion will be issued to you if you score 80% or greater on the test. If you are an E Light Electric employee the original certificate of completion will be placed in your employee file. Certificates of completion for non-E Light Electric employees will be sent to the job site safety manager and kept on file for the duration of the project.

Thank you,

Ted "Smitty" Smith
Director of Safety and Loss Prevention
Understanding Risk Management and Insurance Module Test
1. Most contracts do not contain minimum insurance requirements.
2. ____What type of insurance is a form of property insurance that covers property owners and buildings under construction?_______.
3.  Which of the following is a type of insurance that does not typically apply to the construction industry?_________________________________
4.Commercial General Liability (CGL) insurance covers all of the injuries listed below except:
5. Which of the following is a bundling together of property and liability coverages?
6. Construction Wrap Up Liability Insurance is a special policy to cover risk as incurred at the end of a construction project.
7. What is it called when the insurance company pays the insured for damage or loss and then sues the negligent third party to pay for the loss.
8. What type of policy is typically used to supplement the Commercial General Liability policy?
9. What is the minimum amount of Liability coverage required by the majority of the projects you have worked on?
10. Aggregate in reference to an insurance policy is referring to the total amount of coverage required per incident
Please enter your first name and last name.
Please enter your email address.
Please enter the name of your company.
Understanding Insurance and Managing Risk
Understanding Insurance and Managing Risk
Training Department
Please enter the job site name.
This page was last updated: February 23, 2018
Please complete the following information before clicking on the 'Submit' button.
A. True
B. False
A. Inland Marine
B. Property and Casualty
C. Builder's Risk
D. Liability
A. Builder's Risk
B. Home Owners
C. Inland Marine
D. Liability
A. Bodily injury for non employees
B. Damage or loss to things not owned by the business
C. Slander or Damage to Reputation
D. Bodily Injury to employees
A. Umbrella Insurance
B. Business Owner's Policies
C. Construction Wrap Up Liability Insurance
D. Professional Liability Insurance
A. True
B. False
A. Collection
B. Justification
C. Subrogation
D.  Off Set
A. Overhead
B. Umbrella
C. CCIP
D. Wrap Up
A. 500,000 per incident
B. 1 million per incident
C. 2 Million per incident
D. 5 Million per incident
A. True
B. False