MANAGING LIABILITY RISK EXPOSURES

SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N324752
Module Leader Sarah Laycock
School Glasgow School for Business and Society
Subject Risk
Trimester
  • B (January start)

Pre-Requisite Knowledge

None

Summary of Content

This module examines the management of liability risk exposures from the perspective of the Defender. By working through a range of liabilities students will become familiar with the issues face by organisations and risk managers when dealing with circumstances, actions, situations and events which can give rise to liability, which can in turn give rise to inquiries, claims and financial loss. Various sources of liability will be explored with the aim of identifying how and why the liability in question occurs and what can be done to manage, eliminate, mitigate or reduce it when it does. Where possible a case study approach will be adopted to allow students to research and apply their learning to recent incidents. While insurance is not an explicit part of the syllabus mention will be made of the use of risk financing where it is mandatory to insure or where it is commonly used to offset the financial impact of losses.

Syllabus

1. Liability and Legal Responsibility 2. Employer's Liability 3. Public Liability 4. Product Liability 5. The role of Fatal Accident Inquiries 6. Environmental Liability and the Polluter Pays principle 7. Occupiers Liability 8. Data Protection & Confidentiality 9. Directors and Officers Liability 10. Professional Liability 11. Occupational Motor Liability 12. Risk management strategies to avoid and minimise liability risk exposures -360

Learning Outcomes

On successful completion of this module, the student should be able to:1. Understand the circumstances, situations, actions and events which can give rise to liabilities2. Understand the inquiries, claims and financial losses which may be experienced as a result3. Evaluate liability risk management strategies which might be employed to mitigate against or reduce the risk of liabilities arising4. Discuss where appropriate the role of liability insurance

Teaching / Learning Strategy

The teaching in the module will consist of a combination of lectures and seminars supplemented by: video presentations, guest speakers, and real life simulations. Seminars will examine individual risk issues to highlight the theory covered in the lectures. The module will be supported by a suitable Managed Learning Environment. Feedback Strategy A: Facilitating the development of self-assessment Students will be asked to identify strengths and weaknesses in their own work in relation to the criteria set out in the marking template before handing the work in for marking. B: Encouraging teacher and peer dialogue The lecturer will review feedback at the tutorials where coursework and other work done by students will be handed back. In reviewing personal transferable skills such as presentation skills individually and in small teams the lecturer will provide constructive instant feedback in discussion with the rest of the class. Students will also be encouraged to discuss the comments they have been given with their peers and suggest strategies to improve their performance next time. C: Clarifying good performance A marking template is available for all student course and exam work, which will be handed out in advance and discussed with students in a tutorial prior to completion of the assignment. D: Providing opportunities to close the gap between current and desired performance At feedback sessions in seminars students will be asked to identify their own action points, based on the feedback they have just received to involve students more in the generation and planned use of feedback. E: Delivering high quality information about their learning Feedback will be provided within three weeks of submission and will provide information on strengths, weaknesses and corrective action. F: Encouraging positive motivational beliefs and self esteem Feedback give to students will always be positive and constructive, with action points for improvement. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate al modules on GCU Learn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

-567 Books and articles: There is no one recommended text as Liability Risk Management is a very diverse subject area. Students will instead be supplied with a week by week reader. Indicative Reading The Statutory instruments under discussion - from HMSO online Cassidy D, Liability Exposures (Risk management series) Institute of Risk Management Carey P (2009) Data Protection: A Practical Guide to UK and EU Law Owen DG (2007) Products Liability and Safety: Cases and Materials (University Casebooks) Fisher E (2013), Environmental Law: Text, Cases & Materials Jones, B (2004), Environmental Liabilities , Parpworth -567 Online sources: WEB PAGES FOR THE FOLLOWING ORGANISATIONS: Chartered Insurance Institute: http://www.cii.co.uk Institute of Risk Management: http://irmqt.co.uk Association of Insurance & Risk Managers: http://www.airmic.com Health & Safety Exectutive: http://www.hse.gov.uk Financial Conduct Authority: http:// www.fca.gov.uk BBC: <http://www.bbc.co.uk>

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: The ability to break down and analyse often very complex legal scenarios. This will enhance their thinking and analytical skills and their ability to apply their knowledge in a number of different scenarios. Students will be required to work in small groups and to deliver seminar presentations.

Module Structure

Activity Total Hours
Assessment (FT) 34.00
Seminars (FT) 12.00
Independent Learning (FT) 130.00
Lectures (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 50.00 35% 1,500 word essay
Exam (Exams Office) 2.00 50.00 35% Unseen Examination