Let's say a car company employee hurts her hand on the assembly line. Insurance helps pay for the costs of her lost wages, hospital bills, and so forth. But insurance companies and other businesses want to keep costs down by preventing such accidents in the first place.

This prevention is called risk management -- it’s another way that insurance companies protect against loss and harm. If you major in insurance, you'll learn about helping companies create safe working conditions as well as other aspects of risk management. Classes cover everything from health insurance to pension planning.