noun
1.
Risk is the likelihood that an insured event occurs, that is, an event in which the insurance company is likely to pay out a Claim. Insurance companies use Risk when determining whether to insure a home, car, or individual, and when setting Premiums. People with lower Risk generally pay lower rates, and people with higher Risk generally pay higher rates.
Choosing to bear the financial burden of an adverse event is called self-insuring. Do you know what that entails?
Not only can D&O insurance provide financial protection, but it can help improve an organization’s decision-making.
Life is constantly changing, and so are your life insurance needs. Check out the 5 stages and how they change your take on Life.