Uninsurable Risk
Insuring Property
Commercial property insurance, Vehicle insurance
What are several things businesses can do to manage risks?
Inform everyone in the business of the types of risks that are particularly important to their part of the operations. Implement measures to gather information and spot possible problems. Inspect facilities and equipment. Be active in local communities. Build relationships with government officials.
What are the three major areas that can be covered by business insurance? What are the three major areas that can be covered by business insurance?
Personnel, Property Business operations
What is Risk?
Risk is the possibility of incurring a loss.
Why do U.S. companies have difficulty enforcing intellectual property rights in some international markets?
Some countries do not enforce property rights laws that protect intellectual property, patents, trademarks, or copyrights, especially when the products of a foreign company are involved.
What information should be considered when selecting an insurance company?
When selecting an insurance company, you should collect information about the type and cost of insurance and the quality of service provided by the company if a loss occurs.
Four Ways Business Can Deal With Risk
Avoiding the risk, Transferring the risk, Insuring the risk, Assuming the risk
Insuring business operations
Business interruption insurance, Liability insurance
Uninsurable risk factors
Economic conditions, Consumer demand, Competitors' actions, Technology changes Local factors, Business operations
Insuring personnel
Health insurance, Disability insurance, Life insurance
