Part 1: Identify the major general liability
loss exposures of business firms
Part 2: Provide at least one example (NOT from
your textbook or lecture content) of each type of loss exposure
identified in Part 1.
How
are the Loss and Expense Ratios of a Property & Liability
insurance company calculated, and what do each ratio measure? Why
should Your Firm want to know the ratios of any insurance company
proposing to write coverage for Your Firm?
How are the Loss and Expense Ratios of a Property &
Liability insurance company calculated, and what do each ratio
measure? Why should Your Firm want to know the
ratios of any insurance company proposing to write coverage for Your Firm? (write in a paragraph)
1. What is the importance for the insurance firms to write
“ideally insurable” loss exposures? If the applicant’s loss
exposure is not “ideally insurable”, what can the insurance firms
do to insure it?
Describe three types of associations (chance, noncausal,
and causal) that are possible among exposures and health outcomes.
Provide your own example(s) for each that are relevant to public
health.
Which of the following is not an example of property and
liability insurance?
a. Liability to others
b. Umbrella insurance
c. Homeowner’s insurance
d. All of the above are examples of property and liability
insurance
e. None of the above is an example of property and liability
insurance
Business risk management
Samsung Company Question: gather information on its loss
exposures, loss history, after loss activities, or anything that
may help you understand its risk and risk management strategies.
Finish a Risk Audit Report for your target company.