Identify types of risk and how you can manage them

Assignment Help HR Management
Reference no: EM131248766

• Part I

Insurance

• Insurance plays a big role in risk management for a personal financial plan. Outline an insurance plan for various stages of life. Specifically address the following required elements:

• Explain risk management and its importance.

• Identify types of risk and how you can manage them.

• Determine appropriate insurance coverage for you by investigating options for property, vehicle, life, health, and disability. For example how much life insurance do you need? What type of policy? Do you need a renters policy or homeowner policy? What are your policy limits?

• Explain tax implications of insurance (i.e. life insurance proceeds, health care reimbursement, flexible spending accounts, disability premiums/proceeds).

• Part II

• Use the five step method to solve the problem.
 
• You have been an employee for the last ten years. Your employer had provided you with health insurance (coverage for just yourself), group term life insurance, and long-term disability coverage. Your employer has just been acquired by another organization and that acquiring company has decided to keep the personnel of your location as independent contractors, not employees, so it will not provide benefits. This means you have lost all your benefits in the next 90 days. How will you go about investigating and finding appropriate coverage based on your current family situation and the role that insurance plays in your financial plan? Describe the process and reveal the appropriate types of coverage that meet your needs and your budget.

Following the 5-step critical thinking problem solving process, determine what you would do in the situation above.

Reference no: EM131248766

Questions Cloud

Information systems vulnerable to destruction : Why are information systems vulnerable to destruction, error, and abuse?
Manage global team communication using technology : Write a 1,050- to 1,400-word paper that describes how you would manage global team communication using technology.
Provides an introduction to research methods and methedology : In this video, Dr Greg Martin provides an introduction to research methods, methedology and study design. Specifically he takes a look at qualitative and quantitative research methods including case control studies, cohort studies, observational r..
Show that x is a super key : Find the closure of the set {Instructor, Grade} in School. -  Show that X is a super key if and only if X+ is the set of all attributes of R. Hint! For "if " construct X+ step by step.
Identify types of risk and how you can manage them : Determine appropriate insurance coverage for you by investigating options for property, vehicle, life, health, and disability. For example how much life insurance do you need? What type of policy? Do you need a renters policy or homeowner policy?..
Informal institutional factors affect your venture : 1. Write one or two paragraphs about your research objectives/framework. 2. List what informal institutional factors affect your venture? 3. List what informal institutional factors need to be changed by your venture?
The equi join of two relations r and s : The equi-join can also be defined relative to several common attributes. How does the equi-join of R and S over all common attributes differ from the natural join of R and S?
Who are your top 2 global competitors in the market : Provide a strengths, weaknesses, opportunities, and threats (SWOT) analysis for each competitor. Why are they direct competitors? What is their competitive advantage?
Product or realize a problem : Problem Recognition - Consumers are alerted to some need for a product or realize a problem that could be solved by a product. This alert can come from internal as well as external sources.

Reviews

Write a Review

HR Management Questions & Answers

  Assignment on motivating employees

Finding ways to motivate employees and creating a workplace where they are motivated and feel appreciated can be a challenge for managers.

  Automobile mechanics and dry-cleaning establishments

Find two (2) examples of businesses in your local community that attempt to disclaim liability for damage to or loss of bailed property (usually, the disclaimer is in the form of a sign behind a cash register, or language on a ticket stub.) Exampl..

  Revenue cycle process-various reimbursement methodologies

Once you have covered these steps, analyze the revenue cycle process and the various reimbursement methodologies by describing the importance of maintaining and reporting financial information for health care providers and facilities.

  Employee and labor relations

Describe which definition of work best defines the relationship that exists in each of these work settings - Service organization.

  Workforce diversity in organization

You are to develop a power point presentation on one of the minority groups. Prepare the presentation as if you were developing it for a company.

  What impact does icd coding have on health care in general

HIPAA regulations require that, in the United States, diagnosis codes must be based on the International Classification of Diseases (ICD). In what ways has the ICD coding system impacted the reimbursement system? Discuss other uses of ICD coding, ..

  What is meant by rigor in a cross-cultural training program

what is meant by rigor in a cross-cultural training program? what variables factor in when deciding how rigorous to

  Using different lighting in a studio to create an effect

Considering that photography is a medium that can convey a million emotions in one single image, is it ethical for a photographer to draw more emotional response by digitally altering an image? Is this any different than using different lighting i..

  Valuing diversity or tolerating differencesfailure to

valuing diversity or tolerating differences?failure to provide religious accommodations - buonanno employee would not

  Outsourcing and team performance

what are some techniques a project manager can employ to foster a group of individuals in becoming a cohesive and high-performing team

  Types of organizational interventions

Submit a two- to three-page paper (excluding the title and reference pages), describing two types of Organizational Interventions used by corporations and the issues they address. Compare and contrast the interventions utilized by the corporations..

  Issue in the literature on managing change

Topic reflects a key open issue in the literature on managing change and draws on your knowledge of the unit materials presented.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd