Creating a Plan

Creating a Plan • Accept need for managing risk. • Identify potential risk. • Recognize the alternatives. • Establish and maintain a risk management program.

Life Stage Approach There are stages in life that require various risk management techniques. Young educator Family time Midlife Empty nest

Tips to Save on Insurance • Shop around • Research • Purchase more than one policy • Live healthily

Comparing Policies • Who/what is covered? • Deductibles? • Length of coverage? • Exclusions? • Discounts? • Credit quality of insurer?

Types of Insurance • Automobile • Homeowner’s/Rental’s • Health • Life • Disability • Long-term Care

Automobile • 7 kinds of auto coverage: • Liability • Collision • Comprehensive • Medical • Personal injury • Uninsured motorist • Underinsured motorist

Homeowner’s • A basic policy will cover: • Property • Liability • Personal belongings • Additional living expenses • Medical

Renter’s • Landlord’s own insurance will not protect you. • Typical renter’s policy will cover: • Loss of personal property • Loss of rental unit • Possibly medical and liability

Health • PPO—choose from a listof preferred providers • Pro: large network • Con: costly • HMO—assigned doctor • Pro: cost effective • Con: limited provider choice

Life • Term Life—set for a limited amount of time. • Whole/Permanent Life—protection for an indefinite amount of time.

Disability • Policyholder receives income until he/she can work. • State Disability Insurance unavailableto teachers.

Long-term Care • Covers care not covered by health insurance, Medicare, Medicaid. • Pays for home care, assisted living, adult daycare, respite care, hospice care, nursing home, Alzheimer's facilities.

The Bottom Line Insurance minimizes financial loss and mitigates risk.

Disaster Planning & Recovery • Plan before disaster strikes. • Protect your property. • Conduct household inventory. • Hold adequate coverage. • Keep cash on hand. • Have safe-deposit box. • Prepare evacuation plan. • Take care of yourself.

Parting Words There are worse things in life than death. Have you ever spent an evening with an insurance salesman? — Woody Allen

Creating a Plan

Creating a Plan

Presentation Transcript

Creating a Marketing Plan

Creating a Lesson Plan

Creating a Learning Plan

Creating a Marketing Plan

Creating a Sales Plan

Creating a Business Plan

CREATING A BUSINESS PLAN

Creating a Business Plan

Creating a Lesson Plan

Creating a behavior intervention plan

Creating a Business Plan

Creating a Contraception Plan

Creating a Rationale/Action Plan

Creating a Workout Plan

Creating a School Literacy Plan

Creating a personal development plan

Creating a marketing plan

Creating a Fundraising Plan

Creating a Strategic Communication Plan

The Plan, The Plan: Creating a Fraud Plan

Creating a Fundraising Plan

Creating a Work Plan