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Describe the risk management tools

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Reference no: EM133515848

Question

Select and explain at least one of the following types of insurance (listed below) and provide an appropriate example of this type of insurance.

Life insurance

Health insurance

Homeowners insurance

Automobile insurance

Commercial property insurance

Commercial liability insurance

addition to explanation, need to address the following in relation to the type of insurance selected:

1. Describe how risk can be managed.

2. Evaluate the risks in society.

3. Discuss the relationship between risk and this type of insurance.

4. Describe the risk management tools.

5. Discuss the legal principles of risk and this type of insurance.

Reference no: EM133515848

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