Unlocking Your Business Potential
What are the 4 types of risk? The main four types of risk are: strategic risk – eg a competitor coming on to the market. compliance and regulatory risk – eg introduction of new rules or legislation. financial risk – eg interest rate rise on your business loan or a non-paying customer. operational risk – … Read more
What is a first party loss? “”First party”” claims involve covered losses or damage sustained by the insured, such as injuries or liability covered by a fire, theft, automobile, or disability insurance contracts. Read more on www.lalitigationlawyers.com An insurance claim known as a first party loss is one that the policyholder makes against their own … Read more
What is pre risk Survey? Pre-risk surveys are necessary for identifying the hazards that may adversely impact a property and business, and to determine the effectiveness of the control measures in place to deal with those hazards. Read more on www.ceerisk.com Before starting a situation, activity, or project, a pre-risk survey is a procedure that … Read more
What is risk and insurance manager? Risk managers or analysts specialize in identifying potential causes of accidents or loss, recommending and implementing preventive measures, and devising plans to minimize costs and damage should a loss occur, including the purchase of insurance. Read more on www.career-connections.info No matter the size or industry of the company, risk … Read more
What are risks in pawnshops? There are only two serious risks to using a pawn shop. The first is that you default on your loan and lose your item. If you don’t mind losing your item, the second risk is that you don’t get good value for the item you gave up in order to … Read more
What are the liabilities of a hotel? Hotels may be “”””vicariously liable”””” for the negligence of their employees. Hotels are generally liable for damages if they cannot honor a confirmed reservation because of “”””overbooking.”””” Hotels may generally sue for damages or retain deposits if confirmed reservations are not honored by prospective guests. Read more on … Read more
What is vintage loss? The vintage loss rate is calculated as the ratio of period loan losses to the original vintage balance for each vintage loss period. For example, let’s assume $10 million of 3-year consumer loans were originated in the first quarter of 2014 (Q1 2014). Read more on www.wipfli.com The loss incurred in … Read more
Why do insurance companies not like trampolines? Actually, most insurance companies do not cover trampolines because they consider them too costly due to liability risks. On the other hand, some companies may insure your trampoline if you have the right safety equipment and other safety precautions in place. Read more on www.amfam.com Did you know … Read more