Risk Management & Insurance Analysis 221

Given the following scenario, apply the concepts of the course to provide the required information.

This should be written in the form of a proposal written to the Board of Directors for the company by you, as the Risk Officer for the firm.

Document should include an introduction and summary/conclusion and should include at least 2 references that support your decisions.

Please follow APA formatting for title page, in-text citations and references. The proposal should be double-spaced and free from grammatical errors. Length between 4-6 pages.

Scenario –

Your company, City Bus Corporation provides school bus transportation to public schools throughout Lancaster County. The company owns 50 buses that are garaged in three (3) different cities within the county. Your firm faces competition from two other, larger bus companies in the area. Each year school districts within the county award service contracts based on low bid, level of service and overall performance.

As the newly hired Risk Officer for this company, you have been asked prepare a document for the company’s Board of Directors that outlines your risk management plan.

Your proposal should include at least the following:

A description of the steps you will take in the risk management process
Identification and description of the major risks (loss exposures) faced by the company, include an analysis of the level and impact of each risk.
Identification of recommendations of how best to treat each risk including: method, who is responsible for implementation and how will you measure success
Provide a structured plan for how and when your risk management proposal is reviewed

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