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.