Risk Management
Business Studies Department Mission Statement
Aligning with the Lakewood University mission, our innovative business programs will prepare learners to work as valuable managers and leaders in their respective workplaces, facilitating change for the benefit of the organization, its stakeholders, and society.
Disclaimer Statement
The final examination in this course will be remotely proctored. Please be sure you have your computer's camera on so you can display your photo identification so the proctoring system can verify your identity. If you run into any issues please reach out to your Success Coach.
You can also prepare for your examination by reading this helpful guide: https://www.talview.com/en/test-taker-guide
RSKM400 — Risk Management, 3.0 hours
This course will help students to deal with anticipating, evaluating and addressing possible consequences of strategic actions within an organization. Students will give the necessary knowledge, skills and experience to identify and evaluate risk factors, and to implement strategy.
Program Objectives
- Identifying the major insurable and uninsurable risks in our society and explaining risk management.
- Describing the major types of private insurers, explaining insurance operations and regulations to it
- Explaining the legality of insurance its contracts
- Explaining negligence and understanding the basics to auto insurance
- Describing the homeowner’s insurance policy
- Describing how an annuity differs from life insurance
- Identify the major defects in the healthcare system in the United States leading to the enactment of the Affordable Care Act
- Explaining the characteristics to group life and health insurance
Professor
Mike Cattermole
Dr. Mike Cattermole, DBA possesses over eighteen years of experience teaching college/university students online and on campus. Mike has eighteen years of experience in the staff development industry as well as experience as an organizational development consultant.
Online Support (IT) and Moodle Navigation
All members of the Lakewood College community who use the College’s computing, information or communication resources must act responsibly. Support is accessible by calling 1-800-517-0857 option 2 or by emailing info@lakewoodcollege.edu
Books and Resources
Rejda E. George. Principles of Risk Management and Insurance. 14th ed. Pearson, 2019.
Evaluation Method
Graded work will receive a numeric score reflecting the quality of performance.
Course Requirement Summary
- Assignments - Total of 60 Points
- Weekly discussion forums-Total of 80 Points
- Final Exam - 50 Points
Grading Scale
Graded work will receive a numeric score reflecting the quality of performance as given above in evaluation methods. The maximum number of points a student may earn is 190. To determine the final grade, the student's earned points are divided by 190.
Your overall course grade will be determined according to the following scale:
A = (90% -100%)
B = (80% - 89%)
C = (70% - 79%)
D = (60% - 69%)
F < (Below 60%)
Assignment and Discussion Forum Post Rubrics
Writing Assignment Grading Rubric
|
Points |
Excellent |
Good |
Poor |
Very Poor |
No Response |
|
Original Posting ____/10 |
Writing assignment was well thought out, coherent, and thoughtfully organized with all parts of the questions addressed along with appropriate grammar and spelling |
Writing was clear and relatively well organized and responded to many/most of the key points with a few mistakes in regard to grammar and spelling |
Writing was somewhat confusing and not well organized and had little or no focus on the subject matter with significant grammar and spelling errors |
Writing is confusing and hard to follow with no organization while missing the point of the assignment entirely |
No Assignment |
|
Total Points ____/10 |
Additional Comments: |
Discussion Question Grading Rubric
|
Points |
Excellent Pass |
Good Pass |
Poor Fail |
No Response Fail |
|
Original Posting PASS/FAIL |
Original post reflected good focus to the discussion with well thought out ideas and appropriate grammar and spelling |
Original post responded to the topic in a general fashion but failed to organize them well and had a few mistakes in regard to grammar and spelling |
Responded with little or no focus to the discussion and contained short, irrelevant and/or confusing commentary with significant grammar and spelling errors |
No posting |
|
Reply to fellow student PASS/FAIL |
Response to fellow student reflected good focus to the post with well thought out ideas and appropriate grammar and spelling |
Response to fellow student in a general fashion but failed to organize them well and had a few mistakes in regard to grammar and spelling |
Little or no focus to the post and contained short, irrelevant and/or confusing commentary with significant grammar and spelling errors |
No posting |
|
Total Points PASS/FAIL |
Additional Comments: |
Academic Integrity/ Plagiarism
Cheating (dishonestly taking the knowledge of another person whether on a test or an assignment and presenting it as your work) and plagiarism (to take and pass off as one's own the ideas or writing of another) are a serious issue. While it is legitimate to talk to others about your assignments and incorporate suggestions, do not let others "write" your assignments in the name of peer review or "borrow" sections or whole assignments written by others. We do get ideas from life experiences and what we read but be careful that you interpret these ideas and make them your own.
I am aware that many types of assignments are available on the internet and will check these sources when there is legitimate suspicion.
Penalty is a zero on the assignment. In cases where there is a major or continuous breach of trust, further discipline, such as an "F" in the course, may be necessary.
The major consequence of any form of cheating is damage to your character and the result of trust and respect.
Disability Accommodations
Students who have a disability and wish to request an academic accommodation should contact Jim Gepperth, the Disabilities Services Coordinator and Academic Dean. The student can request an accommodation at any time although it is encouraged to do so early in the enrollment process. The student should complete an accommodation request form which begins a conversation between the school and the student regarding the nature of their disability and an accommodation that would help the student succeed in their program. The school may request documentation regarding the disability to address the accommodation request effectively. The school will communicate to the student the type of accommodation arranged. This process typically follows a team approach, bringing together persons from the academic department (including the instructor) and personnel from other departments as necessary. Additional information on disability accommodations may be found in the Lakewood University Catalog.
Disability Services Email: disabilityservices@lakewood.edu
Supplemental Texts
You can use the following resources to assist you with proper source citation.
American Psychological Association Style Guide- https://www.mylakewoodu.com/pluginfile.php/118179/mod_resource/content/1/APA%20Style%20Guide%207th%20edition.pdf
The Purdue OWL website is also a helpful resource for students. Here is a link to the OWL website: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html
Library
Mary O'Dell is the Librarian on staff at Lakewood University
She is available by appointment. You can make an appointment with her by emailing her at modell@lakewood.edu or call at 1-800-517-0857 X 730
You may also schedule a meeting at this link: https://my.setmore.com/calendar#monthly/r3a761583354923270/01032020
She can assist you with navigating LIRN, research, citations etc.
Support
Each student at Lakewood University is assigned a Success Coach. Your Success Coach exists to assist you with academic and supportive services as you navigate your program. They will reach out to you, often, to check-in. Please use the resources they offer.
Student Services is available to assist with technical questions regarding Lakewood University and all services available to you.
1-800-517-0857 option 2
info@lakewood.edu
studentservices@lakewood.edu
Career Services
Students are offered Career Services at any point as they journey their academics at Lakewood University.
1-800-517-0857 option 2
careerservices@lakewood.edu
Objectives
- Identifying the major insurable and uninsurable risks in our society and explaining risk management.
- Describing the major types of private insurers, explaining insurance operations and regulations to it
- Explaining the legality of insurance its contracts
- Explaining negligence and understanding the basics to auto insurance
- Describing the homeowner’s insurance policy
- Describing how an annuity differs from life insurance
- Identify the major defects in the healthcare system in the United States leading to the enactment of the Affordable Care Act
- Explaining the characteristics to group life and health insurance
Lessons
- Risk and Its Treatment
- Insurance and Risk
- Introduction to Risk Management
- Enterprise Risk Management and Related Topics
Study Course Syllabus
Read Chapters 1, 2, 3 & 4
Participate in the Discussion Forum
Lesson Evaluation
- Types of Insurers and Marketing Systems
- Insurance Company Operations
- Financial Operations of Insurers
- Government Regulation of Insurance
- Fundamental Legal Principles
Read Chapters 5, 6, 7, 8 & 9
Participate in the Discussion Forum
Complete Assignment 1
Lesson Evaluation
- Analysis of Insurance Contracts
- Life Insurance
- Life Insurance Contractual Provisions
- Buying Life Insurance
- Annuities and Individual Retirement Accounts
Read Chapters 10, 11, 12, 13 & 14
Participate in the Discussion Forum
Lesson Evaluation
- Healthcare Reform: Individual Health Insurance Coverages
- Employee Benefits: Group Life and Health Insurance
- Employee Benefits: Retirement Plans
- Social Insurance
Read Chapters 15, 16, 17 & 18
Participate in the Discussion Forum
Complete Assignment 2
Lesson Evaluation
- The Liability Risk
- Auto Insurance
- Auto Insurance (Continued)
- Homeowners Insurance, Section I
Read Chapters 19, 20, 21 & 22
Participate in the Discussion Forum
Lesson Evaluation
- Homeowners Insurance, Section II
- Other Property and Liability Insurance Coverages
Read Chapters 23 & 24
Participate in the Discussion Forum
Complete Assignment 3
Lesson Evaluation
- Commercial Property Insurance
- Commercial Liability Insurance
Read Chapters 25 & 26
Participate in the Discussion Forum
Lesson Evaluation
- Crime Insurance and Surety Bonds
Read ChapterS 27
Participate in the Discussion Forum
Complete the Final Exam
Request the Next Course
Lesson Evaluation
THANKS FOR A GREAT CLASS