Business Risks & Insurance

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Business Risks & Insurance

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Marketing Risk Equipment Risk Credit Risk Inventory Risk Government Risk Miscellaneous Risks

Kinds of Business Risks

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Policy of Self Insurance Flexibility in Business Risks Safety measures Minimum Investment Policy Business Forecasting Hedging Transfer of Risks

Methods of Handling Risks

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Utmost Good Faith Insurable Interest Indemnity Contribution Cause Proxima Subrogation

Basic Principles of Insurance

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Property Insurance Insurance of Liabilities Insurance of persons Other Insurance

Types of Insurance

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Life Insurance◦ Term Assurance◦ Whole Life Assurance◦ Endowment Assurance

Personal Accident Insurance

Types of Insurance of Persons

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Fire Insurance Marine Insurance Other type of Property Insurance

Types of Property Insurance

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Bad Debt & Credit Insurance◦ Bill of Exchange Policy◦ Open Account Policy

Fidelity Insurance Other type of Insurance Double Insurance Reinsurance

Types of Insurance of Interest

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One who asks a question is a fool for five minutes; one who does not ask a question remains a fool forever.

Chinese Proverb