Summary |
The book is divided into three major sections. In the first section, we examine the concept of risk, the nature of the insurance device, and the principles of risk management. This section also provides an overview of the insurance industry and the manner in which it operates.
The second section examines the traditional fields of life and health insurance as solutions to the risks connected with the loss of income. The social security system, workers compensation, and other social insurance coverages are discussed in this section to permit students to integrate the coverage under these programs in planning income protection.
The final section deals with the risks associated with the ownership of property and legal liability. The coverages applicable to the individual or family are treated in chapters that are separate from those designed for the business firm, permitting those instructors who prefer to concentrate on insurance for the individual to give only slight treatment to commercial coverages.
The book is designed to fit a one-semester or two quarter course, but it may be adapted to longer and shorter sequences. We have composed what we consider to be a logical sequence of subject matter, but the book can be used flexibly. Sections Two and Three in particular may be taken in different order.
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