Personal Risk Management

Front

Fill in the blanks. Risk is the potential of ______ something of value.

Back

losing

Front

Fill in the blanks. Safety risk is a hazard which has a potential ______ of harm or adverse health effect on a person or persons.

Back

risk

Front

Which of the following is NOT a way to manage risk? Risk avoidance, Risk transfer, Risk reduction, Risk increase

Back

Risk increase

Front

What does risk retention involve?

Back

Accepting the risk

Front

Insurance is a social device providing financial compensation for the effects of _______.

Back

misfortune

Front

In many states, drivers are required by law to have basic auto insurance that covers ________.

Back

liability for injuries and damages to others

Front

What does uninsured motorist protection cover?

Back

Costs if an individual is involved in a car accident with an uninsured driver

Front

Fill in the blank: Health insurance is important because it protects individuals _________.

Back

financially

Front

Which type of insurance helps pay for expenses after an accidental injury?

Back

Accident insurance

Front

Life insurance is a type of insurance which pays out a sum of money upon the ______ of the insured person.

Back

death