Lesson 6
Risk Management

This lesson introduces students to the concepts of risk and insurance, and students will explore how entrepreneurs recognize, transfer, and share risk. Through a decisionmaking activity, students will learn how entrepreneurs assess and protect against risk. Given various risk scenarios, students will select insurance coverage based on the probability of loss as well as the amount of possible loss to their business. Finally, students will demonstrate their knowledge of risk and insurance through a role-playing activity, in which they will judge real-life product liability cases.


  • Insurance
  • Risk

Standards in Economics and Personal Finance

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