About the MLISTM Program
The Management Liability Insurance Specialist (MLIS) program is comprised of a specialized
curriculum. Part 1, which consists of three courses, covers elements that are common
to all types of E&O, D&O, and Professional liability policies, such as claims-made
coverage triggers and policy conditions. The four courses in Part 2 focus specifically
on directors and officers liability, employment practices liability, and fiduciary
liability insurance. Those who complete Part 1 of the program will receive a certificate
suitable for wall display showing they have demonstrated expertise in professional
liability insurance. Those who go on to complete the Part 2 courses are then entitled
to display the MLIS certification to certify their knowledge of management liability
insurance and risk management. The program is designed specifically for retail insurance
agents and brokers and risk managers, but will also be useful to surplus lines brokers
and underwriters.
To obtain the MLIS certification, you complete the seven specialized courses in
Part 1 and 2 of the program. To maintain the MLIS certification, you obtain only
3 hours of approved professional or management liability insurance continuing education
credit during the initial 24 months and every 12 months thereafter (generally one
online course or a half day of seminar attendance). The entire curriculum is delivered
online through a user-friendly interface. The MLIS program is brought to you by
IRMI, the leader in risk management and insurance research
and education for more than 30 years.
The MLIS Certification Establishes Credibility and Dedication
Management liability exposures and coverages are quite complex, and insurance generalists
frequently make errors in designing programs for their clients. Thus, the MLIS program
was developed by IRMI in response to concerns expressed by clients about the difficulty
of determining whether their insurance agents, brokers, and other risk advisers
have the specialized knowledge necessary to properly design and arrange their insurance
programs. Completing the MLIS curriculum will assure that the agent, broker, consultant,
or in-house risk manager or insurance buyer understands the most important aspects
of professional and management liability. The program also establishes the individual's
commitment to the industry with a mandatory continuing education component focusing
on professional and management liability insurance. When dealing with a holder of
the MLIS certification, a buyer will know that this person possesses at least a
basic-to-intermediate understanding of management liability exposures, insurance,
and risk management techniques, and that the person is making an effort to stay
on top of relevant insurance industry changes and trends.
Who Should Take the MLIS Program?
Part 1 of the MLIS program is relevant for anyone who becomes involved in the purchase
or sale of any type of errors and omissions, management, or professional liability
insurance. The full program (Part 1 and Part 2) is appropriate for anyone who designs,
sells, buys, litigates, or underwrites directors and officers (D&O), fiduciary,
or employment practices liability (EPL) insurance. You should strongly consider
taking the MLIS continuing education program if you are a:
- Retail insurance agent or broker
- Risk manager or insurance manager
- Risk and insurance consultant
Additionally, surplus lines brokers and management liability underwriters, particularly
those new to professional or management liability insurance, may benefit from this
educational program.
Benefits of the MLIS Certification for Agents and Brokers
By completing Parts 1 and 2 of this educational program and receiving the MLIS certification
you will enjoy the following benefits. Click the arrows to learn more about each.
Retail insurance agents and brokers will parlay their work on the MLIS program into
more sales of lucrative D&O, E&O, and professional liability insurance lines. You
will gain the confidence, competence and credibility to help you accomplish all
the following and more:
- Explain to executives at privately-held companies why they should consider purchasing
directors and officers liability, fiduciary, and employment practices liability
insurance policies to protect their personal assets and those of their companies.
- Sell to accounts with heavy professional or management liability exposures that
you felt incompetent to properly deal with prior to the program (e.g., banks, physicians,
lawyers, accountants, clinics, and others).
- Find errors and problems in programs sold by your competitors to use as your lever
for getting in the door of your target accounts.
- Approach publicly-held companies that previously intimidated you and impress them
with your capabilities.
- Engage in constructive dialogue regarding these complex risks and lines of insurance
with professional risk managers.
- Impress underwriters, convince them to write the accounts you bring them, and negotiate
for important coverage enhancements for your clients.
With the MLIS certification behind your name, you make a statement to colleagues,
clients, underwriters, and other insurance professionals that you understand the
complexities of D&O, EPL, and fiduciary and many other professional liability risks
and how to insure them.
E&O, management liability, and professional liability insurance policies are extremely
complex, and it is easy to make errors when putting new programs together or renewing
or replacing an existing program. Knowledge gained from the MLIS courses will help
you eliminate dangerous coverage gaps and provide better protection for your clients
The specialized knowledge and credibility you gain from the MLIS program will make
you a more valuable employee and help you achieve your career goals.
Why take the same old boring continuing education classes to meet the CE requirements
to keep your license when you can learn something new that will increase your success
as an agent or broker? With MLIS, you can simultaneously get convenient state insurance
CE credit, add new capabilities to your skill set, and obtain an insurance industry
certification all at once. And it does all of this at a surprisingly low cost and
by requiring no time away from the office!
Benefits of the MLIS Certification for Risk Managers
By completing Parts 1 and 2 of this educational program and receiving the MLIS certification
you will enjoy the following benefits. Click the arrows to learn more about each.
Nothing could be more embarrassing or career threatening to a risk manager than
for a lawsuit against a director, officer, or fellow manager to be excluded under
the D&O, fiduciary, EPLI, E&O, or professional liability policy purchased to cover
that very type of claim. Yet, management liability, E&O, and professional liability
insurance policies are so complex and there are so many variations in the marketplace
that coverage gaps are commonplace. Knowledge gained from the MLIS courses will
help you eliminate dangerous coverage gaps and provide better protection for your
corporate directors, executives, and managers.
Since their personal assets are exposed to loss, corporate directors and officers
are keenly interested in assuring the executive liability program purchased to protect
them is adequate. With the MLIS certification behind your name, you make a statement
that you understand their concerns and will take every step possible to make certain
the insurance policies you buy will give them the protection they need and deserve.
Knowing you are at the helm, they will get a nice quiet night’s sleep.
While assuring adequate coverage is probably your driving goal with your D&O, EPL,
fiduciary, E&O, or professional liability insurance program, you also don’t want
to waste money. The MLIS program will help you evaluate your firm’s loss exposures
and better understand the underwriting and pricing process for these lines of insurance.
With this knowledge, you will be a smarter and better insurance buyer.
By knowing the right questions to ask, where common problems occur, and something
about what can be achieved in the marketplace, you can make certain your agent or
broker knows his or her stuff and is properly handling these all important lines
of insurance for you.
One of the most important keys to advancing your career as a professional risk manager
is to continuously improve your knowledge and the confidence that others place in
you. Thus, the specialized knowledge and credibility you gain from the MLIS program
will make you a more valuable employee and help you achieve your career goals.
If you hold an insurance license, the MLIS courses can be used to fulfill the mandatory
CE requirement in your state. Thus, the MLIS program serves triple duty by satisfying
this requirement while adding new capabilities to your skill set, and providing
you with a credibility building certification all at once. And it does all of this
at a surprisingly low cost and by requiring no time away from the office!
Get Started Now!
It is easy to enroll in the MLIS continuing education program. Just go to the Course
Catalog in the MLIS Learning Center, select the CE course(s) you wish to take, indicate
whether you need state insurance CE credit, and proceed to checkout. You could be
on your way to achieving your MLIS certification with your first course in 10 minutes!