Agriculture Law and Management

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Risk Management

This document does not discuss the details of risk management, such as

  • Liability insurance associated with ownership of real property
  • Life Insurance
  • Automobile insurance (no-fault, liability, under-insured, collision, comprehensive); e.g., see http://www.dmv.org/mn-minnesota/car-insurance.php
  • Social Security benefits for disability and death
  • Diversified investments
  • Professional development/life-long learning

 

Insurance as a strategy to manage risk to protect your assets from claims made by someone your injure, such as automobile insurance in case you case a vehicle accident:  collision, comprehensive, personal injury and liability insurances.  A minimum amount of automobile insurance is mandated by state law for persons owning a vehicle.

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