Klassic Karate
Being a black belt in two different martial arts, Kirk Karwan has opened his martial arts school, "Klassic Karate" to teach karate to young children and adults. Kirk has hired six other black belts to help him teach the 300 plus children and adults who have signed up at the school. When asked by some parents about the type of insurance the school carries and how he manages the different risks, Kirk was stunned. Not only had he not bought the insurance but he had not even thought about it or any other types of risks.

-The first task that Kirk needs to complete before a comprehensive insurance program can be developed for Klassic Karate is

Question

Klassic Karate
Being a black belt in two different martial arts, Kirk Karwan has opened his martial arts school, "Klassic Karate" to teach karate to young children and adults. Kirk has hired six other black belts to help him teach the 300 plus children and adults who have signed up at the school. When asked by some parents about the type of insurance the school carries and how he manages the different risks, Kirk was stunned. Not only had he not bought the insurance but he had not even thought about it or any other types of risks.

-The first task that Kirk needs to complete before a comprehensive insurance program can be developed for Klassic Karate is

Quizplus · Accepted Answer

Before developing an insurance program, it is essential to identify the risks faced by the business. This will ensure that the insurance coverage is adequate and covers all potential risks. Without identifying the risks, the insurance program may miss crucial areas of coverage, leaving the business vulnerable to unexpected losses. Therefore, Kirk's first task should be to identify the risks faced by Klassic Karate.

Klassic Karate Being a Black Belt in Two Different Martial Arts, Kirk