Discussion Topic Essay Example | Topics and Well Written Essays - 250 words - 11

Discussion way out - Essay ExampleHer idea was to produce a sponge pillow used to clean the children. The prospect that the products ordain have high demands is not certain and therefore financial implications are put at stake. The money that will be involved in international business might also clear financial risks in the company. (Blackman, 2014)The company should have a risk retention amends programe.This is because the company will be dealing with products that catches fire easily. The international business is also full of risks and therefore the organization should unendingly retain a reserve fund to offset some financial claims that may arise. This self insurance is grand for the business growth. (Paul, 2012)Pansy Ellen products Inc should have various kinds of insurance coverage since it is involved in a risky business. It should have a general liability insurance to provide a cover for the damages, employees and the products. This is important because all this are su sceptible to the risks. The company should also have property insurance to cover for the bulding, occasion equipment and inventory against fire vandalism, fire and theft. (Mark, 2013)Mark. (2013). 13 Types of Insurance a Small Business Owner Should hasten - Forbes. Retrieved 2015, from