This consumer-oriented textbook addresses the principles of riskmanagement without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and onsociety, and illustrates how insurance can be used to deal with theproblems posed by such risk. Mirroring thediverse experience of its authors, Vaughan 10e is equally effectivein presenting the principles of insurance theory and offeringhow-to advice to students. Throughout, the main emphasis ison the insurance product and the use of insurance within the riskmanagement framework. The traditional fields oflife insurance, health insurance, property and liability insuranceand social insurance are treated in terms of their relationship tothe wide range of insurable risks to which the individual and thebusiness firm are exposed.weiterlesen