Essay 1.
Deliverables: Minimum 3-page paper
Activity Details:
Step 1: Introduction and Research
Researchthe Internet, books, journals, etc. about risk management related to liability like cyber, property damage and third party liabilities. Continue your research to understand how all of these risks individually or collectively can lead to serious reputation damage for any business.
Write an introductory paragraph about the importance for small businesses to manage and mitigate potential business risks like cyber, property damage and third party liabilities. Include a statement about how these risks if left un-managed can ruin the reputation for a business.
Step 2: Identify and describe three examples of situations in which risk managers are concerned about. Consider how these risks could be avoided or mitigated. Your assignment should be approximately three pages long.
- Damage to the property of others
- Cyber risks
- Third party vendor risks
Consider how each of the situational risk examples you have researched could have been avoided or mitigated. Describe an avoidance / mitigation prevention process that could be implemented manage these risks.
Step 3: For the conclusion paragraph summarize what you have learned about risk management for liability-related risks such as cyber, property damage and third party liabilities and explain how this is related to overall reputation of the business.
Essay 2.
Deliverables: 2-3 page essay
Activity Details:
Step 1: Research and Introduction
Read the material, which will be provided,
Write an introductory paragraph about personal risk and loss exposures mitigation/management strategies
Step 2: Write a 2-3 page essay
- List each of the risks or loss exposures for College student Michael from the case study
- For each of the risks or loss exposures identify an appropriate risk management technique that could have been used to deal with the exposure
- Explain your answer for all of the risks or loss exposures
Step 3:Conclusion Summary
For the conclusion summarize and synthesize what you have learned about personal risk and loss exposures mitigation/management strategies.
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