Insurance and risk management Essay Example | Topics and Well Written Essays - 500 words

Insurance and risk management - Essay Example Blue Cross and Blue Shield insurance companies differ in a number of ways, among them being the services that they offer. For instance, Blue Cross insurance specializes in the provision of medical and travel insurance. As a result of the rising cost of hospitalization and medical treatments, Blue Cross insurance, ensures that these uncertainties are covered to safeguarded American citizens. The Blue Cross travel insurance plan takes care of any medical emergency costs to ensure that people do not worry while travelling (Blue Cross Insurance Inc., 2012).. Blue Shield, on the other hand, specializes in the provision of insurance cover for buildings, equipments found both in and outside the building, coverage for company vehicle for staff, company stock as well as commercial liability. These forms of insurance cover are not provided by blue Cross insurance. Basically, Blue Cross Insurance is similar to other types of insurance with regard to the type of contracts. Firstly, just like any other form of insurance, it offers personal contracts (Blue Cross Insurance Inc., 2012). In this regard, it insures person or persons, instead of the property of these persons. This is evident from the travel insurance and its medical covers. Secondly, Blue Cross contracts are unilateral just like other types of insurance. This is evident as it makes an agreement with the insured who is expected to pay some premium, thus forcing it to perform its side of the bargain by indemnifying the insured in case of any lose suffered such those than happen in the course of a journey. Thirdly, it is evident that the contracts provided by Blue cross are conditional just like those of other insurance. This is because, before an individual enters into a contract with Blue Cross, first the insured is required to fulfill certain terms and conditions which the insured mus t perform in the event of a

First Team LLC Business Plan Essay Example | Topics and Well Written Essays - 2000 words

First Team LLC Business Plan - Essay Example The company remains controlled by the one entrepreneur and a team of support staff (Folsom, 48) Goals of the company Ease supply of goods and materials to customers in a competent and reliable manner Networking with the surrounding suppliers and storage enterprises to facilitate smooth running and operation of the business Build branches in various parts of the country to facilitate growth of the institution Buy more vehicles to ensure that clients always get services they need on time and efficiently Recruit more staff to improve service delivery and facilitate expansion of the business Increase the revenue base yearly Establish efficient communication channels among the parties involved Fixing the correct programmes which can remain achieved conveniently Employing and maintaining highly qualified and trained staff Trying to precisely understand the client’s needs and help them achieve them (Folsom, 49) Company Description Logistics support company located at the outskirts of the capital city will offer transport and logistics organization solutions for enterprise customers within the region of its location and far. Starting with operations form within the city, the company will transport materials from distributors to manufacturers to wholesalers and retailers, acting in conjunction with supply canters, storage enterprises, and wholesalers. The logistics company remains started by two entrepreneurs who before worked like managers of storage enterprises for a reasonable period. The company will function in the logistics and transportation filed with many services. An extra source of income remains the growth of unique services. This can vary from computer arranging systems to supply services. Cross marketing remains arranged to be one of the key methods in this company, because the whole items remain focused to serve the same requirement and can cheaply remain merged. Synergy in marketing an item across company divisions remains probable to push income further higher. A firm concentration of this company will remain placed on the growth of unique and creative techniques for the clients that offer an important value. A wide variation of customized services will remain provided that will aid make use of the institution and worker potential. A core objective of this suggested business technique remains the growth of a unique corporate personality. Such personality will form client loyalty and aid achieve a competitive advantage. The particular choosing of services and requests provided will remain supervised regularly and differ depending on business requirements. This method offers a competitive border against various businesses in the surrounding and remains anticipated to cause an extra demand and the probability for a cost mark-up (Folsom, 52) Market Analysis This is a big industry with stiff competition from various transport and logistics companies in the region and outside the region. However, the company will battle out in th e market with the medium sized institutions of its kind. It will offer general transport and logistics services to its clients at favorable and affordable costs aiming at minimizing cost but making profits as well. Market Segmentation Raw material distributors They transport huge amounts of materials to big producers in the region. These materials wholly