Risk Management and Insurance
5.02 I will understand risk management and Insurance.
Types of Risks:
Non Economic-May result in embarassment or inconvienence without financial impact.
Pure-Threat of loss without opportunity to gain.
Speculative-Offers the chance of gain or loss.
Controllable-Occurs when conditions can be controlled to lessen the chance of harm.
Transfer-Allowing someone else to assume the risk.
Insurable-Meets the criteria of an insurance company for coverage.
Uninsurable-Unpredictable.
Insurance!
Worker's Comp
Health Insurance
Hospital-Covers most of the charges during your stay at the hospital.
Surgical-Covers the fee's for the surgeon.
Regular-Care given at the doctors office, or a hospital.
Comprehensive-Cobines all of them together.
Dental and Vision-Covers dental injures resulting accidents or for X-Rays, cleanings and fillings. Covers for frames or contact lenses and simple visits.