FIN401 – Insurance and Risk Management

Apr 20, 2023 • 2 min read

Overview:

Students will answer the following questions in a clear and concise manner. Remember to include the use of examples to support your response.

Instructions:

Answer the following questions:

1. What is a package policy?

2. Explain the advantages of a commercial package policy to a business firm as compared to the purchase of separate policies.

3. A businessowners policy (BOP) contains a number of coverages. Explain the following:

Coverage of buildings

b. Coverage of business personal property

c. Covered causes of loss

d. Additional coverages provided by the BOP

4. Define robbery, burglary, safe burglary, and theft.

Requirements:

• No more than 3 pages, typed, double-spaced with 12 inch font.

• Submit a Word document in APA format.

• At least three resources.

Be sure to read the criteria below by which your work will be evaluated before you write and again after you write.

Evaluation Rubric for Assignment

CRITERIA	Deficient	Needs Improvement	Proficient	Exemplary
	0 – 38 points	39 – 51 points	52 – 64 points	65 points
Content	Does not cover the assigned topic; assertions are not supported by evidence; paper is seriously lacking in content and detail.	Does not do an adequate job of covering the assigned topic; assertions are weakly supported by evidence.	Sufficient coverage of the topics; most assertions are supported by evidence.	Provides indepth coverage of the topics, assertions are clearly supported by evidence.
	0 – 5 points	6 – 7 points	8 – 9 points	10 points
Resources	No resources were used as requested	Resources were used but not reliable ones	Not enough resources were used	Proper amount of resources were used
	0 – 2 points	3 points	4 points	5 points
Paper Length	The assigned did not meet the proper length	The assignment didn’t have enough length	The assignment almost met the paper length	The assignment had the proper length
	0 – 11 points	12 – 15 points	16 – 19 points	20 points
Clear and Professional Writing and APA Format	Errors impede professional presentation; guidelines not followed.	Significant erro rs that do not impede professional presentation.	Few errors that do not impede professional presentation.	Writing and format are clear, professional, APA compliant, and error free.