Business Law: Insuring Against Risk
What are the two most important risks that business would seek to insure against? Generally describe what the coverage would be and the amount of policy limits. Would the insurance for either risk be worth the premium cost? Why or why not?© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/business-law/business-law-insuring-against-risk-7frb
...nal property, and employees [such as Worker's Comp protection]; external risks depending on the type of business (product oriented or professionally oriented) include transactions with clients, patients, or customers. For example a restaurant would need coverage for potential slip-and-falls or other customer misfortunes and/or probable food poisoning accidents; on the other hand, a physician (professional) would need medical malpractice insurance pursuant to the patients they treat.
Generally describe what the coverage would be and the amount of policy limits.
It is difficult to say what the coverage would be, because it depends on the ...