The Insurance Risk Workshop will focus on the transfer of risk in contractual agreements. Insurance Risk Management is a critical way in which individuals and commercial entities transfer the risk of loss or payment to a third party. As revealed in the lecture slides, there are a great deal of insurance products and the slides consider both the buyer of these products and the insurance providers. This workshop will focus on using contracts to protect your business; specifically, certificates of insurance, hold harmless and indemnification agreements. Some concepts applicable to information provided in this workshop:

Traditional Risk Workshops: Insurance Risk
The Insurance Risk Workshop will focus on the transfer of risk in contractual agreements.
Insurance Risk Management is a critical way in which individuals and commercial entities
transfer the risk of loss or payment to a third party. As revealed in the lecture slides, there are a
great deal of insurance products and the slides consider both the buyer of these products and the
insurance providers. This workshop will focus on using contracts to protect your business;
specifically, certificates of insurance, hold harmless and indemnification agreements.
Some concepts applicable to information provided in this workshop:
Template outline:
This workshop is designed to provide a more immersive experience than lecture to understand
how each of the traditional risk functions contribute to a robust ERM program. The purpose of
each workshop is to provide a self-study guide to learn more about each risk discipline. The fifth
of these workshops deals with Insurance Risk. The lecture slides and attached files are only the
beginning of your research. You are required to explore the topic further to determine how to
apply the separate risk disciplines in ways that lead to appropriate responses to adverse events or
untapped opportunities. Each workshop will be scenario-based and you must apply your reading
and research to develop an appropriate response to the adverse event.
Summary
Certificates of insurance, hold harmless and indemnification agreements are a complex subject;
we have only scratched the surface. It is intended to highlight the pitfalls of operating without
written agreements, signing agreements without a legal review, or using poorly written
agreements.
Instructions:

  1. Please read:
    The whitepaper – certificates of insurance, hold harmless & indemnification agreements
     (https://www.societyinsurance.com/assets/1/AssetManager/WhitePaper-
    CertificatesHoldHarmlessIndemnification.pdf)
  2. Please provide answers to the following five (5) questions and submit via Canvas
    (to be submitted INDIVIDUALLY).
    1) Explain how and when a business should use a certificate of insurance?
    2) Explain the liability limits in certificates of insurance?
    3) Explain how “Additional Insureds” are used in contracts to protect a business?
    4) Explain the dangers and benefits of Hold Harmless and Indemnification in
    contractual agreements?
  3. Please provide an answer to the following question for LVMH company (research and
    find resources by yourself) and submit via Canvas (to be submitted along with your
    individual assignment)
    1) Large and small organizations use a variety of contractors and 3 rd party providers
    in the course of conducting business. Using the examples provided in the case
    study and supporting documentation to describe the steps LVMH company should
    consider prior to doing business with contractors and 3 rd party providers?
  4. • Propose a project plan for implementing an ERM Framework to improve risk
    management at LVMH company. (research and find resources by yourself)
  5. Decide if you need a risk technology platform to aggregate enterprise risks
    across LVMH company. If not, explain how you will manage aggregation
    manually?
  6. Briefly explain how your plan will benefit LVMH company

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How Our Website Works

1. FILL IN OUR SIMPLE ORDER FORM

It has never been easier to place your order. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process.

2. PROCEED WITH THE PAYMENT

All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.

3. WRITER ASSIGNMENT

Next, we match up your order details with the most qualified freelance writer in your field.

4. WRITING PROCESS

Once we have found the most suitable writer for your assignment, they start working on a masterpiece just for you!

5. DELIVERY

Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it. Sometimes, the writer may leave a note for you about the order in case there is any additional information that they need to give you.

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