Risk Management Technique: Advantages And Disadvantages Of Self-Insurance.

Individuals and businesses are familiar with the fact that risk and uncertainty are part of life. Techniques have been developed to manage risks associated with human existence. Risk management is the identification, assessment and economic control of risks that have the capacity to adversely affect assets and earning capacity of individuals and businesses. One ofContinue reading “Risk Management Technique: Advantages And Disadvantages Of Self-Insurance.”

Insurance Contracts: What Is Insurable Interest?

Insurable interest, except it can be or is waved, is a fundamental requirement of any insurance contract. The policyholder (the insured) must have a clearly defined relationship with the subject matter of insurance. The subject matter of insurance can be an event that may lead to the loss of a legal right or the creationContinue reading “Insurance Contracts: What Is Insurable Interest?”