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Posted: September 17th, 2022
Introduction to Danger Administration
Learn Chapter three
1. There are three pre-loss goals in Danger Administration; they’re economic system, discount of tension, assembly authorized obligations. Decide one in all these things and provides an instance utilizing your individual experiences with insurance coverage. In case you no private expertise, you might be inventive to provide you with an instance.
2. Utilizing bullet factors, what are the 4 steps within the danger administration course of?
three. The loss exposures for enterprise and people are very comparable. Utilizing bullet factors what are examples of property loss exposures and legal responsibility loss exposures. As you’re accumulating your bullet factors take into account what you realized final week on what is the distinction between legal responsibility or casualty insurance coverage and property insurance coverage. Please don’t copy phrase for phrase out of the guide however after studying and understanding the idea, use your individual phrases. You need to have 4 bullet factors for every part.
four. Listing the six danger management methods
5. Insurance coverage, business or private insurance coverage, is a danger mangement approach. It permits you to transfer the monetary danger from what you are promoting or your self to an insurance coverage provider. There are benefits to utilizing insurance coverage as a danger administration device. What are three benefits and three disadvantages? You should use business or private examples to reply.
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