Students will answer the following questions in a clear and concise manner. Remember to include the use of examples to support your response.FIN401Unit7Assignment.pdf

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Due Date: 11:59 pm EST Sunday of Unit 7 Points: 100 Overview: Students will answer the following questions in a clear and concise manner. Remember to include the use of examples to support your response. Instructions: Answer the following questions:

1. What is a package policy?

2. Explain the advantages of a commercial package policy to a business firm as compared to the purchase of separate policies.

3. A businessowners policy (BOP) contains a number of coverages. Explain the following:

a. Coverage of buildings b. Coverage of business personal property c. Covered causes of loss d. Additional coverages provided by the BOP

4. Define robbery, burglary, safe burglary, and theft.

Requirements:

• No more than 3 pages, typed, double-spaced with 12 inch font. • Submit a Word document in APA format. • At least three resources.

Be sure to read the criteria below by which your work will be evaluated before you write and again after you write.

FIN401 – Insurance and Risk Management

Unit 7 Assignment – Understanding Package Policies – The Business Owner’s Policy

Copyright Post University 2021, All Rights Reserved.

Evaluation Rubric for Assignment

CRITERIA Deficient Needs Improvement Proficient Exemplary

0 – 38 points 39 – 51 points 52 – 64 points 65 points

Content

Does not cover the assigned

topic; assertions are not supported by evidence;

paper is seriously lacking in

content and detail.

Does not do an adequate job of

covering the assigned topic; assertions are

weakly supported by

evidence.

Sufficient coverage of the

topics; most assertions are supported by

evidence.

Provides in- depth coverage

of the topics, assertions are

clearly supported by

evidence.

0 – 5 points 6 – 7 points 8 – 9 points 10 points

Resources No resources were used as

requested

Resources were used but

not reliable ones

Not enough resources were

used

Proper amount of resources were used

0 – 2 points 3 points 4 points 5 points

Paper Length The assigned did not meet the proper

length

The assignment didn’t have

enough length

The assignment

almost met the paper length

The assignment

had the proper length

0 – 11 points 12 – 15 points 16 – 19 points 20 points

Clear and Professional Writing and APA Format

Errors impede professional presentation; guidelines not

followed.

Significant erro rs that do not

impede professional presentation.

Few errors that do not impede professional presentation.

Writing and format are

clear, professional,

APA compliant, and error free.