Description
Instructions
Research appropriate insurance plans
Research, identify and describe appropriate insurance plans for a small business. This involves interviewing an insurance broker and/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. List the appropriate limits, deductibles, exclusions, and premiums, for the 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. Explain how much the various policies cost on an annual basis. (Use any relevant online or professional quotes to get a feel about the cost level)
6. Describe the various sources of these policies, and discuss how the policies can be obtained.
7. Present an insurance coverage plan for a business you would like to start or work for. What coverage is needed, and how much will the plan cost?
APA standard is not required for this assignment.
Rubric for Insurance Plan Assignment
| Activities | Possible Points | Actual Points |
| Describe the types of policies and coverage needed for a typical small business. | 15 | |
| List the appropriate limits, deductibles, exclusions, and premiums, for the coverage identified in Q1. | 14 | |
| Explain how insurance can mitigate the risks a small company faces, and discuss its limitations. | 14 | |
| Describe the various risks a small company needs to mitigate. | 14 | |
| Explain how much the various policies cost on an annual basis. (Use any relevant online or professional quotes) | 14 | |
| Describe the various sources of these policies, and discuss how the policies can be obtained. | 14 | |
| Present an insurance coverage plan for a business you would like to start or work for. What coverage is needed, and how much will the plan cost? | 15 | |
| Total | 100 |
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