For the situations described in 1 -6 below, determine which type of insurance you would need to purchase. 1. Your neighborhood has experienced a rash of home break-ins, particularly of garages. Homeowner's 2. Someone has been breaking into cars in the neighborhood and stealing the GPS equipment, as well as any other electronics that are kept inside. Homeowner's 3. You are an accountant and you're worried about being sued by a former client. 4. You're worried about your sales clerk having a slip-and-fall accident while on the job. Workers Compensation 5. You're worried that your Treasurer may embezzle funds from your firm. 6. Two commonly known government insurance programs are Medicare and Social security. 7. Which of the following is an effective way for an insurance company to protect against catastrophic losses: a. Spread the company's potential losses across several different geographic areas. b. Concentrate on a single product line in which your company excels. c. Incorporate your insurance company. d. Register the company's in your momma's name. Homeowner's Auto Life Health Personal Umbrella Liability Earthquake Flood Fire & Allied Comm Commercial Multiple Peril General Liability Products Liab Workers Comp Inland & Ocean Marine Professional Liab Directors & Officers Crime - Commercial Fidelity & Surety Bonds Medicare Social Security For Business when Liability - something is your Fault