#1 Small to medium businesses are exposed to risks on a daily basis. The impact of these risks could cause a decrease in revenue and/or an increase in expenses. As we all know, every business is subject to risks at any time. The potential losses as a result of unmanaged risks could be catastrophic. Insurance policies can be purchased that can help protect businesses from risks caused by certain events and from risks to their employees’ personal security.You have been given the task of persuading your business’s board of directors to purchase insurance policies that will help manage the risks mentioned above. The insurance policies have already been chosen, but now you must explain the details of the insurance policies, including the contracts involved in the policies to the board and convince the board that these policies really will protect the business from risks. In addition, you must describe what the terms in the insurance contracts mean and how they can be applicable to each business area.In order to do this, you will need to create a portfolio document with the following sections:
Title:Â Managing Project RisksÂ ISBN:Â 9781119489733Â Authors:Â Peter J. Edwards, Paulo Vaz Serra, Michael EdwardsÂ Publisher:Â John Wiley & SonsÂ Publication Date:Â 2019-08-13
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