In this session, students will learn about the basics of insurance, the types of risks faced by businesses, and strategies for managing risk. They will apply what they learn to a small business scenario.
ACKNOWLEDGEMENT:
Junior Achievement gratefully acknowledges Project InVEST for their dedication to the development and implementation of the JA Financial Capability high school program. Content from Project InVEST was used throughout the insurance lessons to inspire and prepare young people to succeed in their financial future.
STUDENTS WILL:
Define insurance and explain its purpose.
Explain the relationships between risk, loss, peril, and insurance.
Define risk management and explain five methods of managing risk.
Identify potential risks and management strategies for a small business.
The Session Teacher Guide will be provided as a PDF and as a Microsoft Word document.
The Session Student Activity will be provided as a fillable PDF and as a Microsoft Word document.
The Session Exit Ticket will be provided as a PDF and as a Google Doc.
The Session Journal Page will be provided as a PDF and as a Google Doc.
An onscreen presentation will be available as a PowerPoint download.