Distinguish between insurable risk and non-insurable risk
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hope it helps you mate..........
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Insurable risks
1.Those risks which can be covered up by some type of insurance policy are called insurable risk.
2.Business risks are not insurable risks.
3.Risk of damage due to fire, accident theft etc.
Non-insurable risks
1.Those risks which cannot be covered up by some type of insurance policy are called non-insurable risk.
2.Business risks are non insurable risks.
3.Risk of damage due to change in technology or change in government policy etc.
hope this may help you...
1.Those risks which can be covered up by some type of insurance policy are called insurable risk.
2.Business risks are not insurable risks.
3.Risk of damage due to fire, accident theft etc.
Non-insurable risks
1.Those risks which cannot be covered up by some type of insurance policy are called non-insurable risk.
2.Business risks are non insurable risks.
3.Risk of damage due to change in technology or change in government policy etc.
hope this may help you...
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