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There are many types of insurance to cover various kinds of risks: property and liability losses, risks to health, and risks to life. Property losses result from fires, accidents, theft, or other perils. Liability losses result from property damage or injuries suffered by others for which the policyholder is held responsible.

This activity is important because as a manager you will need to understand the different types of insurances available and decide which insurance policies are relevant to your circumstances and industry.

The goal of this activity is to differentiate among the various types of risks and identify the appropriate insurance to manage that risk.

Instructions: Read each of the risk scenarios provided and select the insurance type that can best cover that risk.

1. Covers exposure to potentially toxic substances in products

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

2. Protects employers from employee dishonesty

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

3. Provides employees with supplemental retirement and pension plans

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

4. Protects companies from hackers

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

5. Covers all the employees of a firm or members of a group

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

6. Pays income while the insured is disabled due to accident or illness

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

7. Protection for businesses and individuals against losses resulting from personal injuries

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

8. Covers expenses beyond the limits of basic policies in cases of catastrophic loss

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

9. Enables sole proprietors or partnerships to pay bills and continue operating, saving jobs for employees

(Click to select) Property and Liability Insurance Health Insurance Life Insurance

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