In your Final Paper, you will select and explain at least one of the following types of insurance (listed below) and provide an appropriate example of this type of insurance.
- Life insurance
- Health insurance
- Homeowners insurance
- Automobile insurance
- Commercial property insurance
- Commercial liability insurance
In addition to your explanation, you need to address the following in relation to the type of insurance selected:
- Describe how risk can be managed.
- Evaluate the risks in society.
- Discuss the relationship between risk and this type of insurance.
- Describe the risk management tools.
- Discuss the legal principles of risk and this type of insurance.