Due Date: 11:59 pm EST Sunday of Unit 7 Points: 100 Overview: Students will answer the following questions in a clear and concise manner. Remember to include the use of examples to support your response. Instructions: Answer the following questions:
1. What is a package policy?
2. Explain the advantages of a commercial package policy to a business firm as compared to the purchase of separate policies.
3. A businessowners policy (BOP) contains a number of coverages. Explain the following:
a. Coverage of buildings b. Coverage of business personal property c. Covered causes of loss d. Additional coverages provided by the BOP
4. Define robbery, burglary, safe burglary, and theft.
• No more than 3 pages, typed, double-spaced with 12 inch font. • Submit a Word document in APA format. • At least three resources.
Be sure to read the criteria below by which your work will be evaluated before you write and again after you write.
FIN401 – Insurance and Risk Management
Unit 7 Assignment – Understanding Package Policies – The Business Owner’s Policy
Evaluation Rubric for Assignment
CRITERIA Deficient Needs Improvement Proficient Exemplary
0 – 38 points 39 – 51 points 52 – 64 points 65 points
Does not cover the assigned
topic; assertions are not supported by evidence;
paper is seriously lacking in
content and detail.
Does not do an adequate job of
covering the assigned topic; assertions are
weakly supported by
Sufficient coverage of the
topics; most assertions are supported by
Provides in- depth coverage
of the topics, assertions are
clearly supported by
0 – 5 points 6 – 7 points 8 – 9 points 10 points
Resources No resources were used as
Resources were used but
not reliable ones
Not enough resources were
Proper amount of resources were used
0 – 2 points 3 points 4 points 5 points
Paper Length The assigned did not meet the proper
The assignment didn’t have
almost met the paper length
had the proper length
0 – 11 points 12 – 15 points 16 – 19 points 20 points
Clear and Professional Writing and APA Format
Errors impede professional presentation; guidelines not
Significant erro rs that do not
impede professional presentation.
Few errors that do not impede professional presentation.
Writing and format are
APA compliant, and error free.