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Bianna Ltd, a medium size company, operating in the agrifood sector, supplies quality prepared food products in Ireland and in the UK market - Leaving Cert Business - Question A - 2012
Question A
Bianna Ltd, a medium size company, operating in the agrifood sector, supplies quality prepared food products in Ireland and in the UK market. (A) Draft a business l... show full transcript
Worked Solution & Example Answer:Bianna Ltd, a medium size company, operating in the agrifood sector, supplies quality prepared food products in Ireland and in the UK market - Leaving Cert Business - Question A - 2012
Step 1
Draft a business letter from EXON Insurance PLC to Bianna Ltd
Answer
EXON Insurance PLC
(Address, Telephone No., E-mail, Director's etc.)
Your ref:
Date: 12/10/23
Bianna Ltd
(Address)
RE: Business risks and the appropriate types of insurance policy for the company.
Dear Mr./Ms.,
The following is a list of possible business risks and the appropriate types of insurance policy for your company.
The risk of structural damage to the factory, warehouse or office building.
Buildings Insurance – provides protection against loss or damage to the structure of the building caused by fire, flood or storm.
The risk of damage to stock, raw materials, components etc.
Contents Insurance – provides protection against loss or damage to contents caused by burglary, fire or flood.
The risk of being involved in a road traffic accident.
Motor Insurance – it is compulsory for any business that uses vehicles for operation, and it can also cover third party insurance. Other policies include Third-Party Fire and Theft and Comprehensive.
The risk of a customer injuring themselves while on premises.
Public Liability Insurance – protects the business against claims made by the public as a result of accidents while on site.
The risk of a worker injuring himself while carrying out his job.
Employer Liability Insurance – covers the business against claims made by employees for work-related accidents in the workplace.
The risk of having cash or stock being stolen by an employee.
Fidelity Guarantee Insurance – protects the business against dishonesty or fraud committed by an employee.
The risk of the company’s products being harmful to the public.
Product Liability Insurance – protects the business in the event of a customer making a claim as a result of defective products that may have caused harm.
Others: Goods in Transit/Consequential Loss.
I look forward to hearing from you.
Yours faithfully,
Signature
Position Held
Enc.