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Introduction to Insurance and Risk Management

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This course covers the purpose of insurance, some types of insurance, and how to shop for what you need.

What you will learn

  • What Is Risk and How Can We Reduce the Costs of Risk?
  • How Insurance Covers the Costs of Risk
  • Forms of Insurance
  • How to Shop for Insurance

What do you know?

Introduction to Insurance and Risk Management

Managing risk is an important part of your financial life because it can protect the property and wealth that you will be building throughout your life . A single injury or lawsuit can destroy hundreds of thousands—or even millions—of dollars of your money or other assets or property. You can be stuck paying for years and years in the worst cases.

How you manage risk is a financial planning concern of major importance. For hundreds of years, people have used insurance as a means to help manage financial risk. You need to consider financial risk and the ways to handle it and how to avoid financial disaster.