JP insurance 2

Which insurances are important to most consumers

(Check all that apply)

• vehicle

• property

• travel

• life

• health

which insurance protects again loos from injury to people or property resulting from the products, services or actions of a business

• health

• life

• liability

• workers compensation

Insurance that covers property losses resulting from fire, storm, accidents, theft and vandalism

• commercial property insurance

• health insurance

• life insurance

• disability insurance

Insurance that covers damages to the vehicles and occupants resulting from accidents are covered

• commercial property insurance

• health insurance

• life insurance

• vehicle insurance

Insurance that provides compensation for ongoing business expenses that occur if a business has a temporary shutdown due to a covered hazard.

• insurance

• business interruption insurance

• liability insurance

• information security and privacy insurance

Liability insurance covers claims by others based on damages suffered because of ______

• business operations

• employees

• Products

• all of the above

which risk factors make risk uninsurable

Check all that apply

• economic conditions

• consumer demand

• competitor's action

• technology changes

• business operations

True or False:

In order for a business to insure many of the risks that they face, the risk must be reasonably predicted, or the possible financial loss to the business must be calculated. Otherwise, it is uninsurable.

• True

• False

True or False:

If several uninsurable risks occurs at the same time, a business may not be able to survive.

• True

• False

A written Risk Management Plan provides procedures to gather and analyze information such as customer problems, requests and complaints.

• true

• false