Page 6 - Life Assurance
P. 6
/1 The insurable risks (commercially) .
The following outline indicates the insurable
risks commercially:
a) Property risks:
The uncertainty surrounding the occurrence
of loss to property from perils that cause:
1- Direct loss of the property.
2- Loss of property indirectly.
b) Personal risks:
The uncertainty surrounding the occurrence
of loss of life or income due to:
1- Premature death.
2- Physical disability.
3- Old age.
4- Unemployment.
c) Legal liability risks :
The uncertainty surrounding the occurrence
of loss due to negligent behavior resulting in
injury to persons arising out of (for example):
1- The use of automobiles.
2- The occupancy of buildings.
3- Employment.
4- The manufacture of products.
5- Professional misconduct.
6 Lif11/life/life08
The following outline indicates the insurable
risks commercially:
a) Property risks:
The uncertainty surrounding the occurrence
of loss to property from perils that cause:
1- Direct loss of the property.
2- Loss of property indirectly.
b) Personal risks:
The uncertainty surrounding the occurrence
of loss of life or income due to:
1- Premature death.
2- Physical disability.
3- Old age.
4- Unemployment.
c) Legal liability risks :
The uncertainty surrounding the occurrence
of loss due to negligent behavior resulting in
injury to persons arising out of (for example):
1- The use of automobiles.
2- The occupancy of buildings.
3- Employment.
4- The manufacture of products.
5- Professional misconduct.
6 Lif11/life/life08
