Create a fictional company, in any type of business you want. Give it a name and explain the type of business it is. Then prepare a Risk Management Plan (RMP) for your fictional company.
Two questions to flesh out in your RMP:
1. Legal Risks involved in activities within Alberta, Canada. What are the risks, how can we mitigate them? Provide your opinion on whether the risk is acceptable, eg. should the company assume the risk, or is the risk too great? If yes, what is your plan to manage the risk?
2. How can we transfer any risk with Insurance? What type of insurance do you recommend?
Please flesh out or expand on these two (2) issues. Please provide three suggestions or recommendations for both the Legal risks and the Insurance risks. Your preamble (where you tell me about your company and what it does) should be about half a page at maximum.
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