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Describe your financial loss exposure here: How do you plan to finance the financial impact of that loss if it occurs? Complete the chart below,
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- Describe your financial loss exposure here:
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- How do you plan to finance the financial impact of that loss if it occurs?
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- Complete the chart below, explaining how this exposure does or does not meet the characteristics of an ideally insurable risk.
Requirements | Explain how the exposure meets each characteristic. |
1.Large number of exposure units |
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2.Accidental and unintentional loss |
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3. Determinable and measurable loss |
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4. No catastrophic loss |
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5.Calculable chance of loss |
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6.Economically feasible premium |
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