Susan M. Tillery, CPA/PFS, CFP® , Tom Tillery, MA Ed, MSFS, CFP®, CLU®, ChFC®, LUTCF, CRPC®

American Institute of CPA's

    Credit Info
  • NASBA Field of Study

    Specialized Knowledge

  • Format

    1 year

  • Level


  • CPE Credit


  • Course acronym


  • Prerequisites


  • Course duration

The Risk Management Planning Process

SKU: PFPINS_17A_1 Category:
Do your clients have the knowledge they need to make reasoned decisions about the types and amount of insurance to purchase? Covering important aspects of the risk management process and the professional environment, this CPE course will help you educate your clients about the principles of risk and insurance. Mirroring the personal financial planning process, this course covers the risk management six-step process as follows:

Establish and define the client relationship.
Gather pertinent client data to determine the risk exposure.
Process and evaluate the client's status.
Present financial planning recommendations.
Implement personal financial planning recommendations.
Monitor financial planning recommendations.
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Topics discussed

  • The risk management process
  • Principles of risk management
  • Identification of potential loss exposures
  • Risk management techniques
  • Professional environment
  • Regulatory environment
  • Carrier environment
  • Compensation methods

Learning objectives

  • Distinguish among the terms hazard, peril, and risk.
  • Identify the steps in the risk management process.
  • Determine when to apply the principles of risk management.
  • Recall the definition of static risk.
  • Identify the types of insurable risk.
  • Distinguish between real and personal property.

Who will it benefit?

CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.