Insurance IV
Commerce SSS2 Third Term
WEEK 4
Insurance IV
Performance Objectives
The student should be able to:
1. Explain various types of risks.
2. Discuss the Importance of insurance to business.
3. Explain the roles of insurance brokers and agents.
Content
Types of Risk
Risks are inevitable in the daily conduct of people or businesses and insurance is about risk. However, some risks are insurable while others are not insurable.
Insurable Risks
Insurable risks are the type of risks which the insurer can make provision for or insure against because it is possible to collect, calculate and estimate the likely future.... View More
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