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3 Cards in this Set
- Front
- Back
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What are common risks involving insurance? |
This might involve the loss, theft, or damage of valuable property and belongings, or it may involve someone being injured. |
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What is the risk customers take in a varied policy |
Spending over their butdget vs not having a good enough premium for their needs. |
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What is the risk of not having very many clients? |
if you have a large risk pool, such as 1,000,000 policies, a freak occurrence doesn't affect the overall loss exposure all that much. This is why group insurance is cheaper. |
