In your Final Paper, you will select and explain at least one of the following types of insurance (listed below) and provide an appropriate example of this type of insurance.

Life insurance

Health insurance

  • Homeowners insurance
  • Automobile insurance
  • Commercial property insurance
  • Commercial liability insurance
  • In addition to your explanation, you need to address the following in relation to the type of insurance selected:
  • Describe how risk can be managed.

Evaluate the risks in society.

Discuss the relationship between risk and this type of insurance.

  • Describe the risk management tools.
  • Discuss the legal principles of risk and this type of insurance.