CONTENTS INSTRUCTOR’S MANUAL PART 1: RISK AND THE RISK MANAGEMENT PROCESS Chapter 1: Introduction to Risk ............................................................................................. 1 Chapter 2: Risk Identification and Evaluation ........................................................................ 4 Chapter 3: Property and Liability Loss Exposures ................................................................. 8 Chapter 4: Life, Health, and Loss of Income Exposures ...................................................... 12 Chapter 5: Risk Management Techniques: Noninsurance Methods ..................................... 16 Chapter 6: Insurance as a Risk Management Technique: Principles .................................... 20 Chapter 7: Insurance as a Risk Management Technique: Policy Provisions ........................ 25 Chapter 8: Selecting and Implementing Risk Management Techniques............................... 28 PART 2: COMMERCIAL RISK MANAGEMENT APPLICATIONS: PROPERTY-LIABILITY Chapter 9: Risk Management and Commercial Property: Part I........................................... 31 Chapter 10: Risk Management and Commercial Property: Part II.......................................... 34 Chapter 11: Risk Management and Commercial Liability Risk ............................................. 38 Chapter 12: Workers' Compensation and Alternative Risk Financing.................................... 41 PART 3: PERSONAL RISK MANAGEMENT APPLICATIONS: PROPERTY-LIABILITY Chapter 13: Risk Management for Auto Owners: Part I ........................................................ 44 Chapter 14: Risk Management for Auto Owners: Part II........................................................ 47 Chapter 15: Risk Management for Homeowners.................................................................... 50 PART 4: RISK MANAGEMENT APPLICATIONS: LIFE, HEALTH, AND INCOME EXPOSURES Chapter 16: Loss of Life.......................................................................................................... 54 Chapter 17: Loss of Health...................................................................................................... 59 Chapter 18: Retirement Planning and Annuities..................................................................... 65 Chapter 19: Employee Benefits: Life and Health Benefits..................................................... 69 Chapter 20: Employee Benefits: Retirement Plans................................................................. 73 Chapter 21: Financial and Estate Planning.............................................................................. 77 PART 5: THE RISK MANAGEMENT ENVIRONMENT Chapter 22: Risk Management and the Insurance Industry..................................................... 81 Chapter 23: Functions and Organization of Insurers............................................................... 85