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Insurance Inspector

Real-Life Activities

Real-Life Decision Making -- Solution

You decide to reconsider your recommendation.

The vice-president of the plastics plant doesn't cancel his contract and your company insures the business, based on your report.

Some time later, a fire occurs at the plastics plant. The sprinkler system fails and lives are lost. The insurance company you work for suffers huge losses as a result.

"This is sometimes a difficult situation with businesses that haven't had many losses in the past," says insurance inspector Don Lopes. "But you have to make them understand that something will eventually happen if they don't upgrade."


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.