Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter C, Problem 2CT
Summary Introduction

To think critically about: The risks that insurances cannot cover.

Introduction: Risk refers to the probability of loss in a particular type of event.

Insurance on the contrary refers to the guarantee to an individual or company against the loss or damage caused due to various factors.

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