Risk Analysis and Insurance
Title: Analysis of Risk and Insurance Policy – Case Study of ABC Moving Company
A 7-10 page report and a PPT
PART 1: CASE ANALYSIS (the case is in the file attached)
Mr. Smith has asked you to research the risks that will be confronted by ABC Moving Company. You agreed to present a written document of your findings to Mr. Smith in a 7-10 page report.
The report should include:
1. The five major risks faced by ABC Moving Company
2. Risk mitigation strategies for each of the five major risks
3. The metrics, financial implications of the risks, and the risk mitigation strategies
4. Legal issues related to the risks and the risk mitigation strategies
5. Two opportunities that exist for ABC Moving Company
6. The insurance needs of the company, including business property and liability, health, life, and retirement
7. A plan for organizing and implementing an enterprise risk management (ERM) function for the organization
Part 2: INSURANCE QUOTES
Mr. Smith has asked you to research costs associated with purchasing the insurances that you recommended. You agreed to compile three estimates for each type of insurance and present a summary of your findings to Mr. Smith. For each insurance quote, you should include the name of the company, the name of the company representative, and the date you contacted the representative. Prepare a 12-20 slide PowerPoint presentation for Mr. Smith that addresses each of items listed below. For each slide, you are required to include speaker notes that provide sufficient detail to support the slides (approximately 250 words).
A. Three quotes for business property and liability insurance with information on the insurance companies
B. Three quotes for health insurance for the family and employees with contact information for the estimates
C. Three quotes for insurance on the moving vans with contact information for the estimates
D. Three suggestions on retirement planning
E. Three quotes on life insurance for Mr. and Mrs. Smith. Both Mr. and Mrs. Smith are in good health and are non-smokers. You should include the names of the companies and the contact names.
F. Summary of the most critical actions that Mr. Smith needs to take in securing the proper insurance coverage
