Download presentation
Presentation is loading. Please wait.
Published byRuth Fleming Modified over 9 years ago
1
{ Risk Management Entrepreneurship/Marketing
2
Managing risk that may affect your business or your lifestyle. Types of Risks Crimes Robbery, employee theft, and shoplifting Stolen Credit Cards Bad checks Computer Crime Natural Disasters Hurricanes, Tornados, Floods, Fires, Earthquakes Accidents and Injuries Can be negligence on behalf of the business or a shear accident. What is risk management?
3
Avoiding the risk Reducing the risk Designing areas with risk reduction in mind Educating employees on how best to reduce risk Checking your equipment responsibly Test equipment and products under extreme conditions so you are sure they will operate safely Testing cars How do we manage risk?
4
Transferring risk to another person or company Property Insurance Casualty Insurance Life Insurance Worker’s Compensation Risk Retention Taking the risk yourself Company cannot get insurance Company insures itself To do this company must be large and have huge capital in the bank to afford this type of insurance. Managing risk con’t
5
Business interruption insurance Liability/Casualty insurance Errors and omissions insurance Life insurance Worker’s Compensation Product liability insurance Property insurance Fidelity Bonds Performance bonds Assignment on Risk Definitions-define and give an example of a senario when this type of insurance can be used-turn in
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.