Question: Research for Insurance Plans
Research, identify, and describe appropriate insurance plans for a small business. Option includes interviewing an insurance broker or searching the library/Internet for information.
Respond in question-answer format. Reference shall be provided when outside resources are used in your work.
Complete your response by taking into account of the following:
Activities (General Analysis Section)
1. Describe the various risks a small company needs to mitigate.
2. Describe the types of policies and coverage needed for a typical small business.
3. Explain how insurance can mitigate the risks a small company faces, and discuss its limitations.
4. Discuss how the policies can be obtained.
Activities (Company-Specific Section)
5. Present an insurance coverage plan for your small business. What coverage is needed, and how much will each plan cost?