5.02: Risk Management & Insurance
Different Types of Insurance
1. Workmans Compenstation
Protects employees if the bcome ill or injured on the job
2. Health Insurance
Provides protection against expensive individual health care
3. Hospital Insurance
Medical insurance that covers a stay at the hospital
4. Surgical Insurace
Covers all or part of a surgeons fees
5. Regular Medical Insurace
Covers non-surgical care
6. Dental Insurace
Covers main dental work (examinations, X rays, cleaning, and filling),dental injuries resulting from accidents, and part of complicated dental work (crowns and bridges).
7. Comprehensive Medical Policy
Most common group health insurance policy that combines the features of hospital, surgical, regular, and major medical insurance.
8. Vission Care Insurance
Covers eye examinations, prescription lenses, frames, and contact lenses. It may cover laser eye surgery.
9. Life Insurance
Protects the survivors against financial loss asociated with death.