Explanation should include

Process/Skill Questions:

Why is it important to buy insurance for a business?
What types of insurance do business owners need?
What business risks are uninsurable?
How does a business owner determine the appropriate amount of insurance for the business?
What roles can technology play in protecting a business against risk?
What security precautions can be taken to manage risk?
How is customer service related to risk management?
What are examples of companies that provide risk management?
How can risks be transferred, other than to an insurance company?
What is the difference between controllable and uncontrollable risks?
What is pragmatic risk management?