Republic of uzbekistan andijan machine-building institute fundamentals of business management

Four possible ways to solve the risk 
Method
 
Movement
 
Escape 
Do not choose a completely risky situation 
Skip 
Find another completed business case 
Insurance 
Get insurance to cover all losses. 
Guessing 
Complete the action with all commitment. 
Risk estimation. 
A number of companies think that they assume certain risks. This means that if they suffer a loss, 
they will work with the result. Usually, if businesses decide to assume the risk, it will not seriously 
harm them. The fund that companies have believes that it will cover voluntary financial loss. 
Very large businesses prefer to allocate a small amount of money every month instead of 
insurance. Insured risks. 
The goal: 
1. Recognize important insurance concepts. 
2. Consider several types of business insurance. 
A look at real life 
Samuel is a total value producer 
business He saw his insurance agent. 

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"I'm so sorry about the fire, Sameel," Jake said. "Luckily, they managed to prevent major damage 
to the building." "Yes, the fire chief said," answered Samuyel. Although the biggest damage was 
smoke and water, the entire inventory will be replaced and several pieces of equipment will need 
to be repaired. It will take a few weeks to restart.” "We'll send the insurance application to get 
started quickly," Jake promised. "I know you need money. I'll send you the first insurance check 
tomorrow." "I'm glad you convinced me to cover some of the damage, Jake. I wanted to keep 
paying my workers until we got back on our feet. 
Getting insurance. 
Many people and businesses cannot afford large economic losses. However, they can purchase 
insurance to protect themselves from financial losses. Insurance allows them to share the risk with 
other individuals and businesses. It provides peace of mind. focuses on how to cover losses in the 
event of an accident, injury or other loss.