Question

What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something happens to them or their property?

Liability

Insurance

Warranty

Deductibles

​

Answer 1

Insurance: An arrangement to provide protection against a possible eventuality.

Answer 2

Answer:

Insurance is the correct answer

Explanation:

In the event that something were to happen, people buy insurance to protect themselves before that event takes place. Insurance can protect your home, life, car, and many other things in the possibility of something occurring.