SMGT 4330 FARMER Ch 7 Risk Management SOP %26 Insurance Notes Spring 2011

SMGT 4330 FARMER Ch 7 Risk Management SOP %26 Insurance Notes Spring 2011

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SMGT 4330 FACILITY & EVENT MANAGEMENT CH 7 Farmer RISK MANAGEMENT THE BASICS Insurance and Standard Operating Procedures
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RISK MANAGEMENT -KEY Objectives of the lecture concerning RISK TREATMENT: 1. Keeping & Decreasing Risks by Using SOP’s . 2. Transfer risk by using CONTRACTS 3. Financing Risk by INSURANCE .
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Risk Management RISK TREATMENT TRANSFERRING/FINANCING RISK – NOT ALL RISK NEED TO BE AVOIDED Examples?????? INSURANCE
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RISK MANAGEMENT T or F Standard Operating Procedures (SOP) are Detailed Directions & Appropriate Courses Of Action For Given Situations
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RISK MANAGEMENT True Standard Operating Procedures (SOP) are Detailed Directions & Appropriate Courses Of Action For Given Situations
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Define Insurance
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Insurance… Hedge (protection) against loss, or future uncertainty many types…
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Group Exercise-KEY Concept-Insurance Indicator 1.SELF – INSURANCE C. Facility set aside funds to pay claims 2.PERSONAL INJURY LIABILITY
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SMGT 4330 FARMER Ch 7 Risk Management SOP %26 Insurance Notes Spring 2011

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