The essay for this lesson is required to be a minimum of 550 words that clearly demonstrate understanding of the activity. Essays should have a clear introduction, thesis statement and conclusion, written in APA format (Purdue OWL). A minimum of three sources, at least two from the lesson, must be cited in-text and in the Reference list.
Activity Details:
Step 1: Introduction and Research
Research about risk management related to liability like cyber, property damage and third party liabilities.
Step 2: Write a 550-word essay (which includes a minimum of three sources, at least two from the lesson) that responds to the following prompts:
Write an introductory paragraph about the importance for small businesses to manage and mitigate potential business risks like cyber, property damage and third-party liabilities.
Include a statement about how all of these risks, individually or collectively, that can lead to serious reputation damage for a business if left unmanaged. Identify and describe three examples.
Describe an avoidance / mitigation prevention process that could be implemented to manage these risks.
