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Contracts as a Risk Management Tool This course is approved for 1 CE credit for Property and Casualty in California DOI approval code: 285529 The objective of this course is to learn about contracts as a risk management tool. Risk management is the practice of protecting an organization from financial harm by identifying, analyzing, and controlling risk at the lowest possible cost. Contracts are an integral component to the transfer and management of risk as provided by the insurance industry. In this course, you will learn about contracts as a risk management tool through the following topics: Risk management process What is a contract? Indemnification Additional Insured Duty to defend Ready? To begin the course, click the Start button below. To check out other courses, click the Go Back button below. This course will take approximately one hour to complete. On the last page of the course, the "Take Exam" button will prompt you to provide your license information before presenting you with a three question exam. To pass the course, you must answer all three questions correctly.