Commercial Broker Boot Camp Certificate Program

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IBAS has partnered with award-winning insurance education specialists, MRD Training & Consulting, to provide brokerages with an effective and affordable solution to train brokers on the ins and outs of commercial insurance.

The new IBAS Commercial Broker Boot Camp is a fully online, asynchronous program, consisting of five core modules plus an additional elective chosen at registration. Completion of these six modules will result in a certificate of completion.

To view the resource video of what the course looks like and how it functions, click here.

Format & Delivery

This on-demand program is designed to work around you — your brokerage, your schedule, your pace, and your specific interests. Once registered, students have access to all selected modules for 12 consecutive months.

This is not your traditional webinar-style education. MRD Training & Consulting's engaging learning format leverages videos, interactive assignments, quizzes, and case studies to ensure students do more than just 'complete the course' — they also have a demonstrated understanding of the content.

Modules can be started and stopped anytime at designated intervals. Students' progress may be saved and then resumed when they log back into the portal.

All you need is a computer with reliable internet access.

Course Modules

Each module consists of up to four hours' worth of content, for a course total of 24 hours (although modules may be completed in less or more time, depending on the student). Licensed Saskatchewan brokers are eligible to receive four CE credit hours per module. CE credit hours may also be available in provinces outside Saskatchewan — contact us for more information.

Mandatory Modules

Commercial General Liability

  • Exposures and coverages
  • Definitions
  • Umbrella coverage
  • Case studies

Commercial Property

  • Exposures and coverages
  • Property wording review
  • Extensions
  • Introduction to endorsements

Commercial Risk Assessment

  • The principles of risk assessment
  • Exposure identification
  • COPE: Construction, occupancy, protection, exposure
  • Commercial property coverage

Business Interruption

  • Essential terminology and context
  • Co-insurance and payroll
  • Exclusions and endorsements
  • The seven steps to coverage and how a claim is calculated

Commercial Extensions & Endorsements

  • Building by-law endorsements
  • Stock spoilage
  • Mortgage rate guarantee
  • Floater policies

 


Elective Modules

Cyber Liability

  • The threat environment
  • How to mitigate risk
  • What to look for in coverage
  • The litigation side of cyber liability

Farm Insurance

  • Trends, risks, and coverages
  • Understanding agriculture from an insurance perspective
  • How to add profitable new business

Insurance for Manufacturers & Wholesalers

  • General liability (including complicated product and operations liability)
  • Inherent breakdown insurance
  • Equipment breakdown insurance
  • Identifying complex risk

Insurance for the Cannabis Industry

  • Understanding cannabis
  • How the insurance industry is responding
  • The stages from growth to cultivation
  • Legislation and its impact
  • Hazards and exposures of cannabis

Builders Risk & Wrap-Up Liability

  • Hazards and coverages
  • Exclusions and warranties
  • An overview of wrap-up liability

 

Fees & Registration

Course fees are only $550 per student, which includes all five mandatory modules plus the one elective required for the IBAS Commercial Boot Camp certificate of completion. Additional, optional electives may be taken at the ultra-low cost of $50 each.

All prices are subject to applicable taxes. Please note that taxes will automatically recalculate upon checkout according to your province of residence selected in the drop-down menu (for example, Saskatchewan-based students will be charged only 5% GST).

Discounts are available for multiple registrations within a single brokerage, as follows:

  • 5 – 15 students: 10% off

  • 16– 25 students: 15% off

  • More than 25 students: Contact us directly for pricing

Reach out to IBAS's Manager of Education & Membership, Jordan Jensen, at jordan.jensen@ibas.ca or (306) 525-8001 for more information, if you would like a Zoom-based demo of the course platform, or to take advantage of all multi-registrant pricing, as these discounts are not automatically applied at checkout.

Registration and payment processing will take place via a secure portal on the MRD Training & Consulting website by clicking the button below.

Brokerages may qualify for partial cost reimbursement under the Canada-Saskatchewan Job Grant.

Register Now

Learn More

IBAS and MRD Training & Consulting hosted a live Virtual Open House of the Commercial Broker Boot Camp on March 1, 2022. It showed brokers first-hand how the platform functions and explore whether the program and learning style is right for them before jumping in with both feet.

The session covered:
  • How to navigate the online platform;
  • How the system is designed for optimal student success;
  • Core course overviews;
  • The process to select your mandatory elective;
  • Unique features available to students, including a 24-hour help centre and a fully digital, exportable note-taking tool;
  • How brokerages can utilize student resources during the course and in the future; and
  • A behind-the-scenes look at interactive quizzes, videos, and other tools that ensure that the Commercial Broker Boot Camp provides an effective student experience.

If you are interested in learning more and hearing from Melanie Needham of MRD Training click here to view the recorded Commercial Broker Boot Camp Virtual Open House.