Care is taken to manage risks in every organization by working to reduce and manage the remaining while attempting to eliminate those that can be eradicated. Insurance and Indemnities courses Provide a grasp of contract structures, including how and why certain clauses are written into contracts. assist in grasping the terms and meaning of insurance arrangements.Additionally, insurance courses instruct on how to understand the role insurance plays in risk management, as well as its limitations, and how to use contract clauses to lower the likelihood of disputes. They also cover some of the ways in which disputes are settled in international contracts when they do arise.