Which of the following is one of the basic principles that should be followed in evaluating an insurance program?
A) Consider the feasibility and affordability of insuring smaller potential losses.
B) Secure insurance coverage for all major potential losses.
C) Consider the various insurance policies that may be appropriate for your business.
D) All of these are correct.

Question

Quizplus · Accepted Answer

All of these principles should be followed in evaluating an insurance program. It is important to consider the feasibility and affordability of insuring smaller potential losses, secure insurance coverage for all major potential losses, and consider the various insurance policies that may be appropriate for your business.

Which of the Following Is One of the Basic Principles