Hazard, Risk and Insurance (Part I)

Jan. 23, 2010 - PRLog -- Every human action can cause a risk. This risk depends on a variety of actions a person does. In terms of insurance, risk is the possible losses that a person will experience the dangers posed by the possible but not known when it happened and what will happen. To deal with these risks we need preparation and proper protection. Hence the importance of insurance more visible when a person afflicted with calamity, even if the disaster did not want every person.

Not counting how many losses to be borne by society due to the disaster happened. So be thankful, if you have take out, do not need to be confused to find money to repair damaged houses or cars that had stalled due to flooding. Simply add a claim to the insurance company, then you will get compensation.
Risk Forms
1. Pure Risk
Forms of risk that if there will cause the loss  or does not cause    loss ( breakeven). Example: Risk of Fire, Casualty Risk.
2. Speculative Risk
Risks that may cause the loss occurred, does not cause loss  or    profit (gain). Example: Production Risk, Risk Monetary (Foreign    Exchange).
3. Risk Fundamental
Risks in case of impact can be very large losses or catastrophic    nature. Example: Risk of War, Earthquake, Air Pollution.
4. Special Risks (particular):
Risk that if it does, the impact of losses is local, not    comprehensive or non-catastrophic. Example: Risk of Fire, Risk    Accident, Theft.

Risk Management

I.  Risk Identification
This stage is to identify the risks faced by any human being either  personally or risks faced in the process of business activities.
II. Risk Evaluation
1. The frequency is rare, the impact of low loss / small
These risks need not be insured because it rarely happens, and   if there is a low impact / small.
2. The frequency is rare, the impact of high losses / major.
This risk needs to be insured and insurance companies are still  willing to close / cover this risk
3. Frequency is used, the impact of low loss / small.
This risk classification is identical to 1, which needs to be  done is prevention so that does not happen often.
4. Frequency is used, the impact of high loss / large.
In this risk is the opposite mindset between the client and insurance companies. Customers want this risk can be insured, but insurance companies may not receive because the frequency it  happened often, and the impact of losses is also high.

The best solution: to make repairs and conduct prevention programs that do not often happen.

Risk Control
1. Financial Control
Buying Protection Insurance by paying an insurance premium (Customer Transfer the Risk of Insurance Companies). Bear their own costs such risks, the impact of weakness if the loss is high enough to threaten  the business activities.
2. Physical Control
Eliminate risk. But this is not possible because of the risk will    always exist and may occur, so that needs to be done is that the    risk minimization minimize the risk by providing incident prevention  equipment and complete response equipment to deal with risk.

Source:
http://home-insurance.co.tv/2010/01/14/21/

# # #

My company moves in terms of finance and investment.

We help our clients to invest their money. Most of them before coming to us, to

invest their money in the form of deposits at the bank. Here they can invest in a

way other than deposits