Commercial Broker Boot Camp

Are you ready to take that next step to commercial insurance? Or, do you have brokers on your staff who are? IBABC has partnered with MRD Training & Consulting to provide brokerages with an effective and affordable solution to train brokers on the ins and outs of commercial insurance.

Commercial Broker Boot Camp is a fully online, asynchronous program consisting of five core modules plus an additional elective chosen at registration. Once you complete all six elements, you will receive a certificate of completion.

Fees & Registration

Course fees are only $550 per student, which includes all five mandatory modules plus the one elective required for the IBABC Commercial Boot Camp certificate of completion. Additional, optional electives may be taken for $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.

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

To take advantage of the multi-registrant pricing, contact Jenny Ryu, , as these discounts are not automatically applied at checkout.

Registration and pay now via the MRD Training & Consulting website.

Format & Delivery

Designed to work around you, once registered for this on-demand program, students have access to all selected modules for 12 consecutive months. 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.

MRD Training & Consulting’s engaging learning format leverages videos, interactive assignments, quizzes and case studies to ensure students have a demonstrated understanding of the content in order to complete the course.

Course Modules

Each module consists of up to four hours of content for a total of 24 hours. Modules may be completed in less or more time, depending on the student.

B.C. broker are eligible to receive four CE credits per module.

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

 Registration and pay now via the MRD Training & Consulting website.

Learn More

Click here to watch the Virtual Open House of the Commercial Broker Boot Camp to learn more.

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.