Assignment
Instructions
Research appropriate 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. Complete your response by taking into account of the following:
1. Describe the types of policies and coverage needed for a typical small business.
2. Briefly list the appropriate limits, deductibles, exclusions, or premiums for one coverage identified in Q1.
3. Explain how insurance can mitigate the risks a small company faces, and discuss its limitations.
4. Describe the various risks a small company needs to mitigate.
5. Discuss how the policies can be obtained.
6. Present an insurance coverage plan for your small business. What coverage is needed, and how much will each plan cost?
Respond in question-answer format. Reference shall be provided when outside resources are used in your work.