Lesson 6
100
Name one type of Insurance a business should take out to reduce its risk against malpractice.

Professional Liability Insurance

200

Name two (2) types of insurance a business can offer its employees.

Health & Life Insurance

300

Name three (3) types of insurance a wedding planner should have to reduce his/her risk?

1) Event Insurance

2) Public Liability insurance

3) Worker's/Workmen compensation


400

State FOUR (4) types of business insurance policies.

1) Trade credit

2) Public liability

3) Business Interruption

4) Product Liability

500
State FIVE (5) ways in which insurance facilitates trade

1) it helps to reduce loss or financial risk

2) it helps minimize uncertainties

3) it helps to manage risk

4) it helps to attract and retain the best employees

5) it encourages persons to enter into business/ continue in the foreseeable future

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