This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Bonus C - Managing Risk
C-21
HAVE TO GO TO THOSE PHYSICIANS.
Bonus C - Managing Risk
PPT C-20
Other Types of Insurance
(See complete PowerPoint slide notes on page C.34.)
PPT C-21
Getting the Most out of
Life Insurance
(See complete PowerPoint slide notes on page C.34.)
Bonus C - Managing Risk
C-23
guarantees payment of wages, medical care,
and rehabilitation services (e.g., retraining) for
vers people who are found liable for profes-
sional negligence.
Bonus C - Managing Risk
C-24
PPT C-22
Liability Insurance
(See complete PowerPoint slide notes on page C.35.)
Bonus C - Managing Risk
C-25
1. Homeowner’s policies usually don’t provide ad-
equate protection for a home-based business.
profit organizations from known risks.
Bonus C - Managing Risk
PPT C-23
Home-Based Businesses
(See complete PowerPoint slide notes on page C.35.)
PPT C-24
Home Matters
(See complete PowerPoint slide notes on page C.35.)
lecture link C-4
RECONSIDERING FLOOD
INSURANCE
As Gulf residents have learned, most insurance covers wind
damage, but not flood damage. A federal program exists to pro-
vide low-cost flood insurance, but few vulnerable homeowners
use it. (See the complete lecture link on page C.39 of this manu-
al.)
progress
assessment
(Text page C-11)
PPT C-25
Progress Assessment
(See complete PowerPoint slide notes on page C.36.)
Bonus C - Managing Risk
C-27
PowerPoint slide notes
PPT C-1
Chapter Title
PPT C-2
Learning Goals
PPT C-3
Joachim Oechslin
Bonus C - Managing Risk
C-28
PPT C-4
Name That Company
Company: Tyson
PPT C-5
What’s Enterprise Risk Management?
The risk management function of large corporations
plays an important role in the organization’s success.
PPT C-6
What’s Risk?
Bonus C - Managing Risk
PPT C-7
How to Deal with Pure Risk
PPT C-8
Most Costly Disasters
1. This slide presents the costliest disasters in billions
of dollars.
2. We don’t yet know the economic impact of the
2011 earthquake and tsunami in Japan.
3. Ask the students, How many of these disasters do
you remember? (Most of them should identify the
9/11 terrorist attacks and Hurricane Katrina as the
most talked-about events.)
4. From a risk standpoint, ask the students, How can a
business prepare for such disasters? (Taking pre-
cautionary actions by ensuring appropriate types
and coverage of insurance, employee preparedness,
etc. should be absolutely essential. The companies
need to protect their people, property, data and in-
formation, and finances.)
PPT C-9
What’s Self Insurance?
Many large companies use self-insurance as a means of
risk management.
Bonus C - Managing Risk
C-30
Bonus C - Managing Risk
PPT C-12
Progress Assessment
1. Hurricanes, terrorist threats, identity theft, and an
unstable economy have all contributed to additional
risk and the need for greater risk management.
2. Pure risk is the threat of loss with no chance for
profit, such as the threat from a fire. If your house
burns to the ground you lose money, but if it does
not you gain nothing. Speculative risk can result in
either profit or loss. An entrepreneur’s chance to
make a profit is considered speculative risk.
3. The four major options for handling risk are (1) re-
duce the risk, (2) avoid the risk, (3) self-insure
against the risk, and (4) buy insurance against the
risk.
4. Examples of uninsurable risk include market risk,
political risk, personal risk, and some risk of opera-
tion.
PPT C-13
Insurance Policies
Trusted by Thousands of
Students
Here are what students say about us.
Resources
Company
Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.