Risk Management and Insurance (BSBA)

Shown here are the general learning goals of the program broken down into specific student learning outcomes (SLOs). These SLOs represent what a student should be able to do as a result of successfully completing this program. Student performance on these outcomes are routinely assessed by program faculty as a way of informing programmatic improvement efforts.

Goal Outcome

1. Students should understand insurance coverages designed to address business and corporate risks

  • 1.1 Apply the appropriate use of insurance contracts used for corporate risks
  • 1.2 Apply legal concepts that necessitate insurance for businesses
  • 1.3 Interpret the Building & Personal Property Coverage, Business Income, Commercial General Liability, Commercial Auto, Workers Compensation and Employers Liability insurance forms and policies
  • 1.4 Given a scenario for a commercial insurance claim, indicate whether insurance coverage is applicable

2. Students should understand risk management and insurance issues of importance to families and individuals

  • 2.1 Identify loss exposures faced by individuals and families
  • 2.2 Apply legal concepts that impact insurance coverages for individuals and families
  • 2.3 Demonstrate appropriate use of the provisions of the Personal Auto Policy and Homeowners insurance policy
  • 2.4 Given a scenario for a personal insurance claim, indicate whether insurance coverage is applicable
  • 2.5 Identify the impact of premature death on various family structures and know the differences between basic life insurance products
  • 2.6 Students should recognize structure of the regulatory environment of insurance markets

3. Students should understand the central concepts of managing corporate risk in an enterprise risk management framework

  • 3.1 Complete stages in the risk management process
  • 3.2 Distinguish between major sources of enterprise risk.
  • 3.3 Apply the appropriate use of risk management techniques for managing corporate cost of risk.
  • 3.4 Compare and differentiate among various risk financing alternatives