What to Say When Asked About the Risk

Insurance is NOT always the best risk management option; but when it is - you need to know the what and why. Having trouble reading this email? View it as a webpage. What Makes a Risk 'Insurable?' Insurance is NOT always the best risk management option; but when it is - you need to know the what and why. Insurance, in its role as a risk financing mechanism, combines two concepts - risk transfer and risk sharing. Individuals and entities exchange a potentially large, unknown financial loss for a small known investment (known as a premium) - this is risk transfer. The premiums collected from all insureds are, in a sense, pooled to pay for any losses that occur - this is risk sharing. Although conceptually simple, the effective and efficient combining of risk transfer and risk sharing within the insurance mechanism requires many moving parts to produce the desired result. Click Here to Register Participants in this webinar will: Review when insurance is the proper risk management option Understand the true functions of the insurance mechanism Analyze the contributions and costs of insurance to society Know how to classify a "risk" as insurable or not insurable (and why) Combine the "primary" and "necessary" elements required of an "insurable risk" Apply the "Law of Large Numbers" to probability theory and insurance Click Here to Register When you register, you get: Access to the live webinar Video and audio recordings, so you can watch or listen again Question & Answer session with the instructor Audio download of the webcast Presentation slides download Join us this Thursday, August 16 for this one-hour training webinar. (PLUS, all registrants will receive video and audio recordings of the webinar, so you can listen/watch again at your convenience.) Space is limited! Click Here to Reserve Your Spot! Regularly priced at $129.00, just $89 when you register today! (special pricing expires August 15) Have questions or need help? Send an email to webcasts@insurancejournal.com or call Barbara at 800-897-9965 x166. Date: Thursday, August 16 Time: 1:30pm ET / 10:30am PT Duration: 1 Hour Price: Save $40 until August 15! Register today for just $89! Click Here to Register Instructor: Chris Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS Director of Education at Insurance Journal's Academy of Insurance More Great Training: TOMORROW: Top 10 Things Agents do Everyday - But Shouldn't - If you've even wanted to turn potential E&O from mere CYA to ROI - or simply wish you could turn everyday chaos into potential growth, this session is for you. AUG 22: Secrets of Insuring Restaurants- Overview of Restaurant Coverage - There are many different types of coverage out there. Come learn the ways that restaurants are unique in their specific coverage needs. AUG 22: Secrets of Insuring Restaurants (3-part series) - Restaurants are very tricky businesses to insure. Join Trent and Amy as they help ensure that your restaurant clients are being properly insured. AUG 23: The Legal & Contractual Aspect of Insurance - There are many unique provisions and requirements when it comes to insurance contracts. One part of insurance contract law that no one talks about is that the policy is the minimum that must be done. AUG 30: Crimes, Torts, Negligence, Legal Liability and Insurance (2-part series) - Legal liability is liability imposed by law on the person or entity responsible for the financial injury or damage suffered by another party or individual and can arise from intentional acts, unintentional acts or contracts. Send to a Friend | Contact Us | Subscribe | Unsubscribe | Privacy Policy Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Media Group, Inc.