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Financial Planning Courses: Insurance and Risk Management

Introduction to Insurance and Risk Management 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 Summary of Insurance and Risk Management
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Summary of Insurance and Risk Management

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Summary of Insurance and Risk Management

There are many types of insurance to help you manage financial risk, from loss of property to loss of income. Some insurance helps provide cash flow when income and savings are insufficient. You now have a general knowledge of insurance as a risk management tool.

Things to do

  • Estimate how much risk you can assume on your own for the risks you want to cover.
  • Go online or contact an agent or broker to get several quotes on your chosen type of insurance from a strong insurance company.
  • Compare the features, benefits, and premiums of each of the policies you are quoted on.
  • Estimate how much disability income you would need if you became disabled.

What you have learned

  1. What Is Risk and How Can We Reduce the Costs of Risk?
  2. How Insurance Covers the Costs of Risk
  3. Forms of Insurance
  4. How to Shop for Insurance

Find out what you have learned

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