Finance 2164 Final Review Exam || Most Recent Exam Actual
Complete Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!! Newest
Exam
Types of Insurance for Businesses
- Property
- Business Interruption
- Directors and Officers'
- Liability Insurance
- Workmen's Compensation
- Businesses can also offer life, health and disability insurance to their workers
Property Insurance
Covers damage to buildings and equipment
Business Interruption Insurance
Covers lost profits if something significantly disrupts the ability to do business
(fire, natural disaster, etc.)
Directors and Officers' Insurance
Covers cost of litigation against directors and officers
,Liability Insurance
Covers the costs of lawsuits against a business
Workmen's Compensation
Covers the costs of on-the-job injuries to workers
Underwriting (Insurance-related job)
Assessing the risk of an individual or company and setting the appropriate
price for the insurance company
Claims Adjustor (Insurance-related job)
Analyzing insurance claims to assess the legitimacy and payout requirements
Investment Management (Insurance-related job)
Managing the insurance company's investments
Risk Management (Insurance-related job)
Analyzing the insurance company's portfolio of insurance policies to
ensure that there is no excessive risk
Operations (Insurance-related job)
Managing the insurance company's computer systems, databases and
payment systems
, Actuary (Insurance-related job)
Doing calculations that estimate the aggregate behavior and risk of a large
group of people
Reinsurance
Insurance for insurance companies
- Covers payments above a specified amount that must be made by
insurance companies on their policies
- Limits the total payout risk from large disasters
Pros and Cons of an Insurance Career
Pros:
- Helping people/businesses reduce their risk
- Insurance jobs are located throughout the U.S.
- Flexible work-life balance once you have an established base of clients
Cons:
- Sales jobs often involve large amounts of cold calling
- Many insurance jobs are all commission-based
- It is a highly regulated business
Commercial Bank
Collects deposits and lends them out to individuals and businesses
- Also provide cash management services for companies
Complete Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!! Newest
Exam
Types of Insurance for Businesses
- Property
- Business Interruption
- Directors and Officers'
- Liability Insurance
- Workmen's Compensation
- Businesses can also offer life, health and disability insurance to their workers
Property Insurance
Covers damage to buildings and equipment
Business Interruption Insurance
Covers lost profits if something significantly disrupts the ability to do business
(fire, natural disaster, etc.)
Directors and Officers' Insurance
Covers cost of litigation against directors and officers
,Liability Insurance
Covers the costs of lawsuits against a business
Workmen's Compensation
Covers the costs of on-the-job injuries to workers
Underwriting (Insurance-related job)
Assessing the risk of an individual or company and setting the appropriate
price for the insurance company
Claims Adjustor (Insurance-related job)
Analyzing insurance claims to assess the legitimacy and payout requirements
Investment Management (Insurance-related job)
Managing the insurance company's investments
Risk Management (Insurance-related job)
Analyzing the insurance company's portfolio of insurance policies to
ensure that there is no excessive risk
Operations (Insurance-related job)
Managing the insurance company's computer systems, databases and
payment systems
, Actuary (Insurance-related job)
Doing calculations that estimate the aggregate behavior and risk of a large
group of people
Reinsurance
Insurance for insurance companies
- Covers payments above a specified amount that must be made by
insurance companies on their policies
- Limits the total payout risk from large disasters
Pros and Cons of an Insurance Career
Pros:
- Helping people/businesses reduce their risk
- Insurance jobs are located throughout the U.S.
- Flexible work-life balance once you have an established base of clients
Cons:
- Sales jobs often involve large amounts of cold calling
- Many insurance jobs are all commission-based
- It is a highly regulated business
Commercial Bank
Collects deposits and lends them out to individuals and businesses
- Also provide cash management services for companies
