© South-Western Educational Publishing Chapter 25 Introduction to Risk Management  What Is Insurance?  Risk Management.

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Presentation transcript:

© South-Western Educational Publishing Chapter 25 Introduction to Risk Management  What Is Insurance?  Risk Management

GOALS © South-Western Educational Publishing Lesson 25.1 What Is Insurance?    

© South-Western Educational Publishing Spreading the Risk Insurance

© South-Western Educational Publishing Insurance Terminology  Actuarial table  Actuary  Beneficiary  Benefits  Cash value  Claim  Coverage  Deductible  Exclusions  Face amount  Grace period  Hazard  Insurance agent  Insured  Loss  Peril  Proof of loss  Standard policy  Unearned premium

© South-Western Educational Publishing Insurable Risks   

GOALS © South-Western Educational Publishing Lesson 25.2 Risk Management      

© South-Western Educational Publishing Risk-Management Process  Step 1:    Step 2:  Step 3:   

© South-Western Educational Publishing Making a Risk- Management Plan   

© South-Western Educational Publishing Reducing Insurance Costs     

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