Joseph Fabiilli | Special Types of Business Liability Insurance

1
Special Types of Business Liability Insurance
Joseph Fabiilli
2
Learning Goals

1. What roles do finance and the financial manager
   play in the firms overall strategy?
2. How does a firm develop its financial plans,
   including forecasts and budgets?
3. What types of short-term and long-term
   expenditures does a firm make?
4. What are the main sources and costs of unsecured
   and secured short-term financing?
5. How do the two primary sources of long-term
   financing compare?

3
Learning Goals

• What are the major types, features, and costs of
  long-term debt?
• When and how do firms issue equity, and what are
  the costs?
• What trends are affecting the field of financial
  management?
• Risk and Insurance Appendix
• What is risk and how can it be managed? What
  makes a risk insurable?
• What types of insurance coverage should
  businesses consider?

4
Learning Goal 1
1
What roles do finance andthe financial manager
playin the firms overall strategy?
5
How Cash Flows Through a Business
1
6
The Financial Managers Responsibilities
1
7
The Goal of the Financial Manager
1
8
Risk and Return Factors
1
9
Learning Goal 2
2
How does a firm develop its financial plans,
includingforecasts and budgets?
10
Forecasting the Future
2
11
Budgets
2
Cash Budgets
Forecast cash inflows and outflows
Capital Budgets
Forecast outlays for fixed assets
OperatingBudgets
Forecast profits
12
Learning Goal 3
3
What types of short-term and long-term
expenditures does a firm make?
13
How Organizations Use Funds
3
Cash
ManageCurrent Assets
Accounts Receivable
Inventory
14
How Organizations Use Funds
3
15
Learning Goal 4
4
What are the main sources and costs of unsecured
and secured short-term financing?
16
Obtaining Short-Term Financing
4
17
Unsecured Short-Term Loans
4
18
Secured Short-Term Loans
4
19
Learning Goal 5
5
How do the two primary sources oflong-term
financing compare?
20
Debt versus Equity Financing
5
21
Learning Goal 6
6
What are the major types, features, and costs of
long-term debt?
22
Debt Financing
6
23
Learning Goal 7
7
When and how do firms issue equity, and what are
the costs?
24
Equity Financing
7
25
Learning Goal 8
8
What trends are affecting thefield of financial
management?
26
The Changing Role of the CFO
8

• Work with top management to develop and implement
  the firms strategic direction
• Reestablish public trust
• Assure stakeholders of honest transactions and
  reporting
• Maintain a higher profile with their companies
  boards

27
Weighing the Risks after 9-11-2001
8
Credit risk
Market risk
Operational risk
28
Learning Goal 9
9
What is risk and how can it be managed? What
makes a risk insurable?
29
Risk Management
9
Risk avoidance
StrategiestoManage Risk
Self-insurance
Risk reduction
Risk transference
30
Learning Goal 10
10
What types of insurance coverageshould
businesses consider?
31
Insurance ConceptsInsurable Risks
10
32
Types of Insurance
10

Property
Liability
Health
Life
33
Special Types of Business Liability Insurance
10

34
Thank You