• Privacy Policy
  • Refund and Returns Policy
  • Term Conditions
  • My Account
Friday, January 27, 2023
Money Blog
  • Login
  • Register
  • Home
  • Investments
  • Personal Finance
  • Stock Market
Blog
Subscribe
  • Home
  • Investments
  • Personal Finance
  • Stock Market
Money Blog
Home Blog

Risk Management

A Concise Guide to Personal Risk Management

by Skills.Money
in Blog, Insurance
Reading Time: 5 mins read
A A

Risk is the possibility of damage, injury, or loss caused by external or internal events. There are two types of risk: pure and speculative.

Pure risk involves only the possibility of loss. Examples of Pure Risk

  • Visiting a friend in the hospital—exposure to bacteria or viruses.
  • Intramural sports—an activity that may result in injury.
  • Owning real estate—potential for a casualty loss or liability claim.

Speculative risk involves the possibility of loss or gain, like the stock market or gambling. Some types of risk can be mitigated through insurance. Theoretical risk is not insurable, however.

This is a Premium Content

Login if you have purchased

Membership

Get Access to all the Premium Content.
More than 100+ Articles, Mini Courses, Quizzes and Contests.
Subscribe Now
Previous Post

Trusts

Next Post

Credit Card Statement

Next Post

Credit Card Statement

Skills.Money

We Offer Premium Content in Financial Literacy through blogs, interactive micro courses, quizzes. Membership offers access to premium content and chance to win quiz contests.

Site Links

  • Privacy Policy
  • Refund and Returns Policy
  • Term Conditions
  • My Account

Our Social Media

Newsletter

© 2022 Skills.Money A Financial Literacy Initiative.

No Result
View All Result
  • Home
  • Mini Courses
    • Personal Finance
    • Investments
    • Stock Market
  • Blog
    • Economy
    • Insurance
    • Investing
    • Personal Finance
    • Taxation
  • Membership
  • My Account

© 2022 Skills.Money A Financial Literacy Initiative.

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?