Broker Essentials Contractor Fundamentals
Developing a course designed for contractors has to start with the contract bond processes. Risk management and liability are other core concepts needed to advise contractors.
One Hour CE Approved
British Columbia Saskatchewan Manitoba
Surety Basics
Review contract surety basics, including the three-party bond relationship, principal, obligee, surety, penal sum, bond term, indemnity, prequalification, and why bonds are not insurance policies.
Risk Management Basics
Review risk management basics, pure risk, change-agent challenges, program advantages, loss control, financial stability, compliance, reputation protection, and the broker's advisory role.
Liability Basics
Learn liability basics for Canadian P&C brokers, including tort law, negligence, duty of care, occupiers' liability, vicarious liability, and how court decisions shape defence obligations.
About the course
This course provides brokers with a practical review of surety, risk management, and liability fundamentals. Participants begin with Surety Basics, including the three-party guarantee, principal, obligee and surety relationships, penal sums, indemnity agreements, and contractor prequalification. The course then examines risk management, including pure risk, risk controls, change management, and the broker’s advisory role. The course concludes with liability fundamentals, including negligence, duty of care, causation, foreseeability, occupiers’ liability, vicarious liability, and defence obligations.
Meet Your Instructor
For more than four decades, Todd Hochban has worked with Canadian insurance brokers, helping them better understand property and casualty insurance through practical, real-world education. As a seasoned educator, industry speaker, and course developer, he has trained thousands of brokers across Canada, translating complex insurance concepts into clear, actionable learning. Every BrokerBytes course is designed with one goal in mind: to provide practical knowledge that brokers can immediately apply in conversations with clients, underwriting submissions, and claims situations. Rather than focusing on theory alone, these lessons emphasize the issues brokers encounter every day. Whether you're new to the industry or building on years of experience, BrokerBytes delivers concise, focused learning designed for today's busy insurance professional.