Identifying Risk and Its Implications

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Level: Intermediate

Why you need this course:
After completing this course, you'll be able to analyze the risks facing a family or an organization.

Upon successful completion of this course, you should be able to:

  • Describe each of the following in the context of risk:
    • Uncertainty
    • Possibility
    • Possibility compared with probability
  • Explain the following elements for property, liability, personnel, and net income loss exposures:
    • Assets exposed to loss
    • Causes of loss, including associated hazards
    • Financial consequences of loss
  • Classify a given risk within the following categories:
    • Pure or speculative
    • Subjective or objective
    • Diversifiable or nondiversifiable
  • Describe the three financial consequences of risk.

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Identifying Risk and Its Implications Topics Include:

  • Uncertainty, possibility, and possibility compared with probability in terms of risk
  • Assets exposed to loss; causes of loss, including associated hazards; and financial consequences of loss, as elements for property, liability, personnel, and net income loss exposures
  • Classifying risk as pure or speculative, subjective or objective, and diversifiable or nondiversifiable
  • Three financial consequences of risk

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(610) 644-2100 (Outside the U.S. and Canada)
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Phone: (800) 644-2101

Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.

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