Objective 5.02. Understand risk management and insurance. YouTube - Risk is our Business. Topics. Types of risk Ways to handle risks Business Insurance Uninsurable risks. Risks & Risk Management. What is risk? The possibility of incurring a loss. . What is risk management?
Understand risk management and insurance.
YouTube - Risk is our Business
Alex went snowboarding at Snowshoe and broke his leg. The hospital bill was $1400.
Harding invested in stock market and lost money when his stock’s value dropped.
A customer slipped on spilled water in the store aisle before an employee cleaned the spill.
Unpredictable amount of loss
Most worker’s comp
claims require drug
payment is made.
Health insurance may be obtained through employer related groups. Options include: