please do not give solution in image formate thanku INTRODUCTION Assume that Quentin and Clayton's business has already applied for insurance coverage for their business. Typically, an insurance underwriter is going to have follow-up questions that help them assess risk and determine the specific terms of the coverage or if they are willing to work with the potential client at all. For this assignment, you are going to put yourself into the role of the insurance underwriter that is part of a small team working on this application. INSTRUCTION Develop a list of questions that will allow the insurance provider to evaluate whether Quentin and Clayton's Cannabis company is taking sufficient precautions to guard against the biggest insurance risks. For example, at the grow location you need to understand generally what security measures are in place to prevent theft and diversion (theft by employees). For transportation you likely would need to know about driver reliability and the vehicles they use. Based on what we know about the business, you know that they will need insurance that covers at least the following aspects of their business: Cultivation Manufacturing (extraction and refinement) Retail Online ordering (curbside, pickup, and delivery) Delivery and other transportation Advertising You should be able to cover the most critical risk categories in 3-5 well-crafted questions for each category. Following your questions, in a page or two, explain why the questions were chosen, why you need to focus on a specific category, and what the risks are of not asking the right questions.
please do not give solution in image formate thanku
INTRODUCTION
Assume that Quentin and Clayton's business has already applied for insurance coverage for their business.
Typically, an insurance underwriter is going to have follow-up questions that help them assess risk and determine the specific terms of the coverage or if they are willing to work with the potential client at all.
For this assignment, you are going to put yourself into the role of the insurance underwriter that is part of a small team working on this application.
INSTRUCTION
Develop a list of questions that will allow the insurance provider to evaluate whether Quentin and Clayton's Cannabis company is taking sufficient precautions to guard against the biggest insurance risks. For example, at the grow location you need to understand generally what security measures are in place to prevent theft and diversion (theft by employees). For transportation you likely would need to know about driver reliability and the vehicles they use.
Based on what we know about the business, you know that they will need insurance that covers at least the following aspects of their business:
- Cultivation
- Manufacturing (extraction and refinement)
- Retail
- Online ordering (curbside, pickup, and delivery)
- Delivery and other transportation
- Advertising
You should be able to cover the most critical risk categories in 3-5 well-crafted questions for each category.
Following your questions, in a page or two, explain why the questions were chosen, why you need to focus on a specific category, and what the risks are of not asking the right questions.
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