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Insuring Against Catastrophes

Insuring Against Catastrophes. 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. How to manage risk:.

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Insuring Against Catastrophes

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  1. Insuring Against Catastrophes

  2. 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

  3. Insuring Against Catastrophes How to manage risk:

  4. Insuring Against Catastrophes Basic Types of Insurance • Health • Life • Income • Property • Liability

  5. Insuring Against Catastrophes Liability Insurance Protects against financial losses suffered by others for which you are responsible

  6. Insuring Against Catastrophes Types of Liability Insurance

  7. Insuring Against Catastrophes Steps to Determine Insurance Needs: • What are the risks? • Rate the likelihood of loss. • Rate the size of loss. • Consider risk management strategies • Discuss with insurance agent/ broker

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