Insurance
* All insurance method for handling large losses.
* Focuses on the unique challenges small businesses face with regard to insurance.
* Most insurances cover a majority of the costs of physical therapy treatments.
* achieves asset protection by sharing risk with other parties and risk management.
* benefit to cover a catastrophic, unplanned event.
* business regulated at the state level.
* can be a means of creating family wealth
  - play an important role in estate planning
* claims All forms of insurance claims.
* competitive industry, and insurers change their rates over time
  - marketplace
* complex but important aspect of every person's financial portfolio.
* contract with an insurer to pay the costs associated with specified perils.
* cornerstone of financial protection.
* covers carriers of all types of insurance, and insurance agents and brokers.
* deals with risk identification, measurement, and handling for businesses and individuals.
* different kind of product than, say, blue jeans, or even stock.
* federal subject in India.
* field where academic and practicing lawyers have much in common.
* financial safety net.
* fixed expense.
* form of economic self-protection and is available in two different forms.
* full service insurance company.
* game of calculating the odds.
* has a long and progressive history.
* hedge against a rainy day.
* helps pay for medical emergencies or serious illness requiring hospitalization.
* highly information-intensive industry
  - regulated industry
* is about people serving people.
* is about risk and there are many types from auto to professional liability
  - in a much more fundamental sense than is banking
* is an element of estate planning
  - exchange
* is an important and growing sector for the data warehousing market
  - component of everyone's financial well-being
* is an important part of a trade transaction
  - health care
  - protection vehicle for a number of life's needs
  - risk-financing tool for most nonprofits
  - independant insurance agent that provides clients a choice
  - intangible product
  - integral but often complicated part of life
  - another form of risk control
* is based on the concept that consumers pay in the present to cover risk in the future
  - upon the theory of spreading risk among many policy holders
  - concerned with potential risks
* is considered a federally regulater industry
  - method of compensating the patient for medical expenses
  - contracts
* is designed to insure against catastrophic events
  - provide protection from catastrophic loss
  - essentially a narrow area of contract law
  - for people who lose things or get their equipment stolen
  - frequently the primary source of compensation for victims and their families
  - fundamentally about risk and sharing of losses
  - important for financial security
  - intangibles
  - just one method used to manage risk
  - more than companies and numbers
* is often a big concern for parties that exchange homes
  - an issue as well when one parent decides to stay at home
* is one area in which people with diabetes sometimes encounter some difficulty
  - where the finances always come first and the needs of others fall in behind
* is one form of payment
  - side bet offered when the dealer's up card is an ace
  - means of providing financial protection against the risk of unexpected losses
  - of many methods available for financing losses
* is one of the major transfer tools of risk management
  - most important and specialized techniques used by risk managers
  - way to fund the cost of long-term care
* is protection against both false and real claims
  - financial loss
  - large financial losses
  - life's risks
* is protection for losses for unexpected events
  - the church and a benefit for the employees
* is regulated by statutes of each state and enforced by departments of insurance
  - the various states
  - risk protection
  - risk-sharing, surety form of credit
  - service agreement
  - something needed by all businesses to protect against the risk of loss
  - supposed to protect individuals from catastrophic financial losses
* is the fastest growing of all service industries
  - last industry to get into automation
  - most common form of prepaid expense
  - responsibility of the buyer
  - sharing of risk
  - type of service that fits well with internet commerce
  - voluntary pooling of risk
  - tied to the assumption of risk
* is used to protect from economic catastrophes
  - the unforeseen and the unbudgeted
  - spread risk and pay the insurance buyer for any covered loss
* is what farm policy is all about
  - lets society accommodate technology
* is, by definition, a protective measure.
* isn t like other purchases, such as cars or homes, that consumers buy and intend to use.
* large industry.
* limited liability policy.
* manages only the financial aspect of risk.
* means by which life's uncertainties are addressed in financial terms.
* mechanism for dealing with the consequences of uncertain future states of the world
  - which is launched for the benefit of everybody without discrimination
* method for financing or funding certain losses
  - of loss control
* multibillion dollar business.
* often covers prescription drugs used to help people stop smoking.
* operates on the principle of shared risk.
* perk valued by employees and employers.
* personal matter.
* personalized sale.
* plans that cover birth control pills tend to have other benefits for women.
* plays a major role in all of our lives today
  - special role in risk management for individuals and businesses
* product dependent on trust.
* protection against financial loss arising on the happening of an unexpected event
* protects a business or family from almost any type of liability
  - people against the catastrophic effects of poor health
  - policy-holders against particular risks
* publicly regulated activity designed to meet broad community goals.
* social concept which heavily involves risks and probabilities.
* state-regulated business.
* subset of risk management, and used as a tool to manage specific risks.
* transfer, or spread, of risk to another source.
* type of risk management.
* typically cited example of a system which creates moral hazard.
* very inefficient way to pay for small or routine health expenses
  - small percentage in the sales price of a single family home or condominium
* vital factor in international trade.
* waste of money.
* way of reducing some financial threats to a business
  - spreading financial risks among large numbers of people
  - to transfer risk of loss to the insurance company
* works by sharing risk
  - on the concept of risk sharing