$2.$ Your company is about to launch a new product onto the market. It has done much due diligence on the safety of the product, but knows that there may be risks to users of the product. It is important for the company to launch the product now for marketing and competition reasons. The Chief Risk Officer asks for your views on the insurance issue. The company has negligence insurance, sufficient in amount to cover the realistic potential losses if the company is found to be negligent in its production of it$.$ What is your view on whether the company should rely upon the insurance coverage so can launch the product without further due diligence? Describe the risks involved in relying upon that insurance coverage to pay any claims. Assume for this purpose that if the insurance was not available, the company would be financially ruined by a major claim for negligence. What steps can be taken by your company to increase the likelihood that the insurer will pay if the claims for negligence arise.