Risk Management and Insurance
By Shane Mullens
Worker's Compensation
A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
Health
Insurance against loss due to ill health.
Hospitalization
Insurance that pays all or part of a patient's hospital expense.
Surgical
Health insurance that covers losses because of surgical expenses.
Regualr Medical
Insurance that provides coverage for physicians fees for all services, with the exception of surgeons fees.
Dental
Insurance designed to pay a portion of the costs associated with dental care.
Comprehensive
Auto insurance coverage providing protection in the event of physical damage (other than collision) or theft of the insured car.
Vision
Form of insurance that provides coverage for the services rendered by eye care professionals
Life
Insurance against loss due to ill health.