Reflect (5 points)

On your assignment sheet, answer the questions about types of law.

1. What risk does a business owner address by purchasing the following kinds of insurance? (1 point)

Type of Insurance	Risk
Health insurance
Life insurance
Disability insurance
Property insurance
Auto insurance
Liability insurance

2. David is choosing between two health insurance plans offered by his company. One is a PPO plan, and the other is a high-deductible plan. What are the risks and advantages of each plan? (1 point)

3. What risk does an insurance provider take on when it sells a policy? How do insurance providers mitigate that risk? (1 point)

4. Does a company run a greater risk by failing to comply with internal regulations or with external regulations? Explain your answer. (1 point)

5. Financial services, health care, consumer products, and food services are more heavily regulated than other types of industries. Why do these industries pose a higher risk to customers? (1 point)

Analyze (10 points)

Analyze different crimes businesses commit and crimes committed against businesses.

1. Fred is the owner of the Speedy Delivery trucking company. The company motto is "Always first with your delivery!" Fred takes pride in his drivers being the fastest in the industry and completing the most deliveries in a given time period. Now, Fred is looking for a new auto insurance policy to cover his fleet of trucks.

a. What are the risks in this scenario? (2 points)

b. What risk-bearing device(s) could be used here? (2 point)

c. List your source. (1 point)

2. Janelle wants to open a new urgent care clinic in an underserved neighborhood. She'll be hiring doctors, nurses, and customer service staff. She will also be purchasing a new care-management software package to handle claims, referrals, and billing.

a. What are the risks in this scenario? (2 points

b. What risk-bearing device could be used here? (2 point)

c. List your source. (1 point)

Synthesize (25 points)

Identify the elements of different business crimes and the area of law relevant given a scenario. You will also need to differentiate whether the crime is a felony, misdemeanor, or infraction.

Analyze the following scenarios and identify the relevant areas of law.

1. a. Case 1 (5 points)

Summary
Risk-Bearing Device
Relation to Insurance or Compliance
Source

b. Case 2 (5 points)

Summary
Risk-Bearing Device
Relation to Insurance or Compliance
Source

c. Case 3 (5 points)

Summary
Risk-Bearing Device
Relation to Insurance or Compliance
Source

d. Case 4 (5 points)

Summary
Risk-Bearing Device
Relation to Insurance or Compliance
Source

e. Case 5 (5 points)

Summary
Risk-Bearing Device
Relation to Insurance or Compliance
Source