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Business Risks and Principles of Insurance

Business Studies · Chapter 11 · 5. Business Risks and Insurance

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Topics 4

  1. Business risks: insurable and non-insurable risks (meaning and features)
  2. Insurance: meaning and features
  3. Principles of utmost good faith, insurable interest and indemnity
  4. Principles of contribution, subrogation, causa proxima and mitigation of loss