Reference no: EM132190519
Research for Insurance Plans
Research, identify, and describe appropriate insurance plans for a small business.
Respond in question-answer format. Your response shall follow each text question in your report. Reference shall be provided when outside resources are used in your work.
Complete your response by taking into account of the following:
Activities (General Analysis Section)
1. Describe the various risks a small company needs to mitigate.
2. Describe the types of policies and coverage needed for a typical small business.
3. Explain how insurance can mitigate the risks a small company faces, and discuss its limitations.
4. Discuss how the policies can be obtained.
Activities (Company-Specific Section)
5. Present an insurance coverage plan in writing (not insurance quote/certificate) for your small business. What coverage is needed, and how much will each plan cost?
My business is "Chombo" is a business company that offers a wide range of electronic products.
The products include and not limited to digital cameras, radio receivers, television sets, MP3 players, video recorders, DVD players, camcorders, personal computers, video game consoles, telephones, and mobile phones.
The company expects to meet the threshold requirement of the modern consumer base by providing quick delivery of broad variety and high-quality electronic products.
The company is aimed at providing prevalent electronic products and delivering the products to the customers within 24 hours through the incorporation of e-business (Mayer et al., 2018).