5.02 I Will Understand Risk Management & Insurance

Why is insurance important?

Insurance is important because it prepares you and helps cover the cost of unplanned and emergency events. There is quite a few of different insurances that can be obtained.


Here are the different types of insurance!

Additional Types

*Hospital Insurance- Classified as medical insurance and helps cover stays in the hospital

*Surgical- Helps cover all or parts of the surgeons' fee for a certain operation.

*Regural Medical- Covers fees for nonsurgical care given in a doctor's office or hospital

*Comprehensive- Combines the features of hospitals and major medical insurance.

*Dental- Helps cover exam, X-rays, and cleanings. Also takes care of dental injuries or dental work.

*Workers Comp- Provides protection for employees who become injured on the job. A drug test is required.