Risk Management

You are the District Trainer for Store Managers in your area and today you are presenting to the store managers the importance of proper risk management in big-box retail. Prepare a presentation telling your audience why it is important to understand risk management from the perspective of a store manager for a large retail organization (Base your introduction on our reading material from week 1-4) Select at least five of the eight questions below: (Use our course readings and the library to support your response.) A - What are the pre-loss and post-loss objectives of risk management B - What conditions should be present if retention is used to handle a loss exposure? C - What is a non-insurance transfer? Use examples from a retail environment D - What is loss control? What are the objectives of loss control? Provide examples of how it it could used in a retail environment. E - What is the relationship between loss control and insurance premiums? F - Why might a large corporation like Walmart look to use a captive? G - Why might the risk manager of a corporation interact with the accounting department? H - What type of information would be used in a risk management policy statement?