Itb Chap 14

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This document discusses risk management for businesses. It covers three main topics: an overview of risk management including identifying risks and ways to deal with them such as avoiding, transferring, insuring or assuming risks; insurable risks including types of business insurance; and uninsurable risks including why some risks cannot be insured and strategies to reduce risks of doing business internationally.

Economy & Finance Business

Risk Management 14-1 Overview of Risk Management 14-2 Insurable Risks 14-3 Uninsurable Risks 14

LESSON 14-1 Overview of Risk Management ,[object Object],[object Object],[object Object],Chapter 14 Slide

Key Terms ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Chapter 14 Slide

IDENTIFYING RISKS ,[object Object],[object Object],[object Object],[object Object],[object Object],Chapter 14 Slide

>> C H E C K P O I N T ,[object Object],Chapter 14 Slide

DEALING WITH RISKS ,[object Object],[object Object],[object Object],[object Object],Chapter 14 Slide

POSSIBLE WAYS TO DEAL WITH RISK Chapter 14 Slide Method Activity Avoid Choose not to complete the risky activity Transfer Find another business to complete the activity Insure Purchase insurance to pay for any losses Assume Complete the activity with full responsibility

LESSON 14-2 Insurable Risks ,[object Object],[object Object],[object Object],Chapter 14 Slide

Key Terms ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Chapter 14 Slide

PURCHASING INSURANCE ,[object Object],[object Object],[object Object],Chapter 14 Slide

BUSINESS INSURANCE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Chapter 14 Slide

LESSON 14-3 Uninsurable Risks ,[object Object],[object Object],[object Object],Chapter 14 Slide

Key Terms ,[object Object],[object Object],Chapter 14 Slide

IDENTIFYING RISKS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Chapter 14 Slide

MANAGING RISKS ,[object Object],[object Object],[object Object],[object Object],[object Object],Chapter 14 Slide

RISKS IN INTERNATIONAL BUSINESS ,[object Object],[object Object],Chapter 14 Slide

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This expert panel embarks upon a discussion of key elements of risk management such as the 5-Steps of the Risk Management Process, Understanding 3 Main Types of Loss Exposures, Measuring Loss Exposures, and 5 Types of Risk Control. We’ll discuss Insurance Distribution, Wholesale v. Retail Insurers and Policies to give a business owner an understanding of what to look for in a carrier, a broker and how underwriters operate. We’ll also review some general best practices for Safety and Loss Control applicable to many businesses. In light of current circumstances, we’ll discuss safety measures for employees working from home. To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/understanding-risk-management-basics-for-business-owners-2021/

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