Business Risk
type of risk involves potential harm to a company’s financial well being if there are large changes in the market, such as stock prices drop.
What is Market Risk?
This type of risk occurs when a business loses money because of changes in interest rates or currency exchange rates.
What is financial risk?
This type of insurance helps protect businesses from claims involving injuries or damages caused by their day-to-day operations, products, or services.
What is liability insurance?
This is the process of identifying, analyzing, and prioritizing risks to minimize the potential impact on a business.
What is risk management?
a risk that a business could face problems within its day to day operation, like broken equipment or employee issues?
What is Operational Risk?
This risk arises when a business depends on a single supplier or customer, and any problem with them could disrupt the business.
What is supply chain risk?
This type of insurance covers loss or damage to a business’s property, including buildings, equipment, and inventory.
What is property insurance?
This is the legal contract between a business and an insurance company that outlines the coverage, terms, and conditions of the insurance.
What is an insurance policy?
When a business could lose its reputation or trust because of poor customer service or bad publicity, this is the type of risk it faces
What is repetitional risk?
When a business faces danger from criminals, like theft, fraud, or cyberattacks, it is dealing with this type of risk.
What is security risk?
This insurance type covers medical expenses for employees and is often provided as a benefit or part of a sign-on plan.
What is health insurance?
This type of insurance is purchased by an insurance company to cover some of its own risk.
What is reinsurance?
A company faces this type of risk if it’s affected by events like fires, natural disasters, or accidents.
What is Physical Risk?
This type of risk involves the possibility of a company facing legal consequences due to violations of laws or contracts.
What is legal risk?
This is the amount of money a business or individual pays regularly to maintain an insurance policy.
What is a premium?
This insurance covers the cost of medical expenses for employees injured on the job.
What is Workers' Compensation Insurance?
This type of risk involves losing money because of changes in laws or government rules.
What is Regulatory Risk?
This type of risk occurs when a business’s plans fail to meet market demand, resulting in poor sales or financial losses.
What is demand risk?
This is the amount a policyholder must pay out-of-pocket before their insurance kicks in to cover losses.
What is a deductible?
This type of policy provides protection in case a business is sued for causing harm to a person or their property.
What is General Liability Insurance?