Career day is coming up, and you’ve been asked to share information with the class about different types of insurance before your parent comes to class to describe what it’s like to be an insurance agent. Prepare what you will say to the class by identifying some basic principles of insurance and the types of insurance available. In addition, compare and contrast different types of life insurance because that is what your parent specializes in.

Kelly is interested in both adding to and modifying the insurance that she has in place for her small business. She is curious about fidelity bonds and other securities. How might these help her small business? Why might she want to include these types of insurance in her coverage?

Briefly explain real property and personal property, and then compare and contrast these property types. Next, describe what a bailment is and identify which type of property may involve a bailment. Lastly, is it possible to run a business with only one of these types of property? How? Explain.

Jacinda is shopping for health insurance, but she finds herself overwhelmed by the amount of information out there. She decides to contact a specialist and asks them to clearly and concisely compare and contrast the different types of coverage available to her. What might this expert tell her?

Differentiate between property insurance and life insurance with respect to the requirements or main components of an insurable item or event. Is it more difficult to meet the requirements of one over the other?