Discussion Topic Essay Example | Topics and Well Written Essays - 250 words - 11

Discussion Topic - Essay Example Her idea was to produce a sponge pillow used to clean the children. The probability that the products will have high demands is not certain and therefore financial implications are put at stake. The money that will be involved in international business might also attract financial risks in the company. (Blackman, 2014) The company should have a risk retention insurance programe.This is because the company will be dealing with products that catches fire easily. The international business is also full of risks and therefore the organization should always retain a reserve fund to offset some financial claims that may arise. This self insurance is important for the business growth. (Paul, 2012) Pansy Ellen products Inc should have various kinds of insurance coverage since it is involved in a risky business. It should have a general liability insurance to provide a cover for the damages, employees and the products. This is important because all this are susceptible to the risks. The company should also have property insurance to cover for the bulding, office equipment and inventory against fire vandalism, fire and theft. (Mark, 2013) Mark. (2013). 13 Types of Insurance a Small Business Owner Should Have - Forbes. Retrieved 2015, from