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?