Accurately identifies all the risks faced by the client(s)

Analyzes these loss exposures with reference to the economic cost, (general terms great or small), that would result from the occurrence of a loss.

Use the analysis of risk to pair its management with an appropriate risk management technique.

Describes the nature of the risk management technique in detail this is particularly important for insurance; what type, what coverages, what amount (approx.), - and provide a defense for why you feel this risk management choice is in the best interest of your client. Remember that risk management techniques are not just insurance.

daniel is 25 years old and a recent graduate. He has an apartment in downtown Denver that she shares with 2 roommates and drives a 2010 Toyota Camry which has an actual cash value of $5,000. Daniels car has been insured under his parents policy, but they now want him to get his own coverage. Daniel is self-employed as a photographer and makes about $35,000 a year photographing weddings, portraits, birthday parties, and baby showers. He is often in peoples houses or orchestrating photo shoots on location. He also has a small area in her apartment where she does portrait work for graduations and holiday cards. His location shots are not quite as popular anymore after a photo shoot in a secluded area of a state park left a client with a bad poison ivy rash for which he had to be hospitalized.

Wendys apartment is full of expensive camera equipment that she has amassed over the years. He has ever heard of renters insurance.

Daniel has no children or spouse, but he does have 2 younger brothers and both his parents are alive and still working hard to support their family. daniel has an individual health insurance plan but is dismayed at the high price for the plan that includes the out of network private practice physician he has been seeing since he was a toddler. Daniel has about $10,000 in a savings account, money left to her from a great-uncle who recently passed away. Apart from that, he has no retirement savings and no life insurance. It is hard for daniel to develop a savings plan as he free lancing makes for an unstable income some months are great, others are lean, however on average he has around $500 a month disposable income after regular monthly expenses are paid.