Question

differences between uninsurable and insurable risks give examples of how Mi-Way will explain these concepts to their clients

Answer 1

Whenever you involve in an activity and perform any action, there are two kinds of risks; Insurable and Uninsurable. 

Insurable Risks - Insurable risks are those which can be covered through an insurance policy. Example; you are driving and met with an accident - get your vehicle insurance done and you are safe.

Uninsurable risks - Uninsurable risks are those which cannot be covered under any insurance policy. Natural calamities like flood, earthquake which are caused by nature's action are uninsurable risks.

Mi-way is an insurance company which provides vehicle insurance to its users. The company, to get good clients should make them understand the value of insurance and how can the client will be benefited by taking the insurance.