Which of these statements regarding personal risks is CORRECT?

A$)$

Risks that are potentially catastrophic to an individual should be insured first, even if their occurrence seems unlikely.

B$)$

There is no insurance available for those concerned about becoming disabled long term.

C$)$

Umbrella liability insurance is only needed by extremely wealthy individuals.

D$)$

Individuals are rarely found guilty of negligence, so insuring against it is not necessary.