insuring against catastrophes. lesson goals: assess risks determine and develop risk management...
TRANSCRIPT
Insuring Against Catastrophes
Lesson Goals:• Assess risks• Determine and develop risk management
strategies• Define insurance types and how they relate to a
home-based or micro business
Insuring Against Catastrophes
Insuring Against Catastrophes
How to manage risk:
Basic Types of Insurance
• Health• Life• Income• Property• Liability
Insuring Against Catastrophes
Liability Insurance
Protects against financial losses suffered by others for
which you are responsible
Insuring Against Catastrophes
Types of Liability Insurance
Insuring Against Catastrophes
1.What are the risks?
2.Rate the likelihood of loss.
3.Rate the size of loss.
4.Consider risk management strategies
5.Discuss with insurance agent/ broker
Insuring Against Catastrophes
Steps to Determine Insurance Needs: