1.5.2.3 - Insurance
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Practice Questions
Test your understanding with targeted questions
What is insurance?
💡 Hint: Think about what safety net means.
Name one type of insurance.
💡 Hint: What might a business use to protect itself?
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary function of insurance?
💡 Hint: Think about what happens when unexpected incidents occur.
True or False: Liability insurance covers damages from accidents caused by the insured.
💡 Hint: Consider how accidents could lead to lawsuits.
1 more question available
Challenge Problems
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Considering the types of insurance available, outline a strategy for a small business looking to expand.
💡 Hint: What are the main risks when expanding operations?
How might a lack of insurance impact long-term business sustainability?
💡 Hint: Consider the long-term consequences of unexpected expenses.
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