Need an answer for Question 4 and Question 5

Insurance provides numerous coverages that can be used to meet specific loss situations. (a) Based on the above situation, identify and explain THREE (3) types of insurance coverage that would provide the desire protection. (15 marks) (b) Insurance is a device that gives protection against risk. But not all risks can be insured and given protection. A risk must have certain elements in it that make it insurable. Insurance providers look for these to measure levels of risk and levels of the premium for insurance protection for anything. Discuss FIVE (5) requirement of insurable risk. (10 marks) 25 marks (Question 5) (a) Fund or capital is a necessary element in production, without which the firm cannot operate. All firms need to secure proper financing sources from debt or equity to support its operation especially when involves in large capital expenditures. Proper financing mix will be able for the firm to operate at an acceptable level of risk and the desired level of rate of return. Distinguish the characteristic between bond, common share and preferred share. (15 marks) (b) Debt collection can be stressful with some Collection Agents threatening and intimidating you with various "consequences" if you fail to pay. It can be hard to understand the escalation of action in the recovery process. Draw a diagram and explain THREE (3) collection stages