9
Insurance
LEARNING OBJECTIVES
After studying this chapter, you should be able to know —
- Nature and causes of Business Risks
- Terms used in Insurance
- Objectives of Insurance
- Importance of Insurance
- Principles of Insurance
- Types of Insurance
- Life Insurance – Meaning, Types of Life Insurance Policies
- Fire Insurance – Meaning, Types of Fire Insurance Policies
- Marine Insurance – Meaning, Types of Marine Insurance Policies
- Comparative Study of Life Insurance, Fire Insurance, Marine Insurance
Meaning — Business risks refer to the possibility of inadequate profits or even losses due to uncertainties or unexpected events which are beyond control. For instance, the demand for black & white TV has come down ...
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