Explain the key issues in managing insurance for a small business.

Assignment Instructions

Learning Objectives:

Identify the important issues in managing a firm’s cash flows.

Explain the key issues in managing insurance for a small business.

Prompt:

Review Lesson 7 and the resources at the end of the lesson related to risk management and insurance, including:

Small Business Administration. “Risk Management for a Small Business.” Participant Guide, Money Smart for a Small Business Curriculum. https://www.sba.gov/sites/default/files/files/PARTICIPANT_GUIDE_RISK_MANAGEMENT.pdf, accessed 6/1/2017.

Small Business Administration. “Buying Insurance.” https://www.sba.gov/managing-business/running-business/insurance/buying-insurance, accessed 6/2/2017.

Small Business Administration. “Types of Business Insurance.” https://www.sba.gov/managing-business/running-business/insurance/types-business-insurance, accessed 6/2/2017.

Instructions:

In a well written essay, discuss four types of business insurance and why they are important. Which type(s) would you find most necessary for a business you might want to own someday? Include sources and citations, and a reference list at the end of your essay. Adhere to APA 6th ed. formatting.

Develop a formal 350-700 word essay

Your essay should include an introductory paragraph and a conclusion.

Follow APA format for structure. An APA template is attached here. Support your essay with 3 credible, academic references beyond the course materials. Please note Wikipedia, Investopedia and similar general websites are not credible academic references.

Grading Rubric:

Please review the rubric provided for details on how this assignment will be evaluated.

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