Scenario:
As a business owner, I have 3 different locations within the Denver Metro area. Two of those places are retail sale
3,500 square feet in each retail location. The third location is the manufacturing plant that is about 10,000 square
people, 15 in each of the retail locations and 40 in the manufacturing plant. I own the manufacturing plant but I lea
have 5 large trucks to transport the goods to the retail locations. I also lease a Toyota Avalon as my business car
occasional personal use.
In the past year, one of my retail locations has had two armed robberies and the other retail location has had mon
register that was discovered at the end of the month. I've had no property losses in the past 4 years at the manufa
had a few slip n' fall claims at both retail locations. My work comp claims average $1,500/incident and I've had ab
What would you recommend for me?
In your proposal to me, the business owner, consider the following:
1) liability exposures
2) property loss exposures
3) business auto exposures
4) work comp exposures
5) personal liability exposures
6) what products would you recommend to the business owner?
7) what resources might you be able to offer to the business owner?
8) what records might you need to see from the business owner to complete your assessment?
9) if you would recommend deductibles, what amounts and why?
10) what else might you recommend/consider?
Sample Solution