i) Draft a risk policy for any of the major risks faced by an SME doing Hardware related business and/or backyard manufacturing.

(ii) Outline how the company could effectively conduct a thorough risk treatment planning for the business.

(ii) Define risk culture and governance and explain their importance in managing risk under the ERM environment.

(ii) Recommend, with reasons, the two appropriate non insurance risk treatment/financing methods for a typical Hotel and Leisure group in the aftermath of the Covid-19 pandemic.