Lesson Plan Template Teacher: Allison Hood Subject/Grade Level: Business Essentials Date: March 20, 2012 Day(s)

__1____ of instruction
Standard(s)/Elements(s): GPS Focus Standards: BCS-BE-34: The student explores and interprets the various risks involved in operating a business. a. Describes risks faced by business owners. b. Explains ways business owners can protect themselves from risks. c. Identifies types of business insurance. d. Identifies types of insurance needed for a planned business. e. Explains the principles of a sound risk management program. f. Evaluates appropriate levels of insurance for a planned business. g. Discusses the impact of the laws of different countries on insurance. h. Analyzes the impact of international law on insurance. BCS-BE-35: The student analyzes choices available to consumers for protection against risk and financial loss. a. Identifies risks in life and how to gain protection against the consequences of risk. b. Explains how all types of insurance are based on the concept of risk sharing and statistical probability. c. Identifies the type of insurance associated with different types of risk (i.e., automobile, personal and professional liability, home and apartment, health, life, long-term care, disability). d. Explains why insurance needs change throughout the life cycle. e. Identifies various suppliers of insurance (i.e., public and private). f. Develops recommended insurance coverage for individuals/families for various risks and different income levels.

Learning Goal(s): To understand why insurance needs change throughout the life cycle. To have a basic understanding of risk and risk management

Lesson Essential Question(s): What is risk? How can businesses and individuals protect themselves against risk? What are all the tools available to businesses to manage risk?

Type of Lesson: (Check one) __X__New Learning Lesson _____Extending/Refining/Practice Lesson ____Assessment/Project Day

Activating/Warm-up Activity: Activate prior knowledge. Students will recall the definition of a risk. Students will discuss why we need to be protected from the risk we take.

Teaching strategies/methods fully detailed, including student activities and any assessments given:
EQ: What is risk? How can businesses and individuals protect themselves against risk? What are all the tools available to businesses to manage risk? GPS: GPS Focus Standards: BCS-BE-34: The student explores and interprets the various risks involved in operating a business. a. Describes risks faced by business owners. b. Explains ways business owners can protect themselves from risks. c. Identifies types of business insurance. d. Identifies types of insurance needed for a planned business. e. Explains the principles of a sound risk management program. f. Evaluates appropriate levels of insurance for a planned business. g. Discusses the impact of the laws of different countries on insurance. h. Analyzes the impact of international law on insurance. BCS-BE-35: The student analyzes choices available to consumers for protection against risk and financial loss. a. Identifies risks in life and how to gain protection against the consequences of risk. b. Explains how all types of insurance are based on the concept of risk sharing and statistical probability. c. Identifies the type of insurance associated with different types of risk (i.e., automobile, personal and professional liability, home and apartment, health, life, long-term care, disability). d. Explains why insurance needs change throughout the life cycle. e. Identifies various suppliers of insurance (i.e., public and private). f. Develops recommended insurance coverage for individuals/families for various risks and different income levels. Unit: Daily Learning Agenda 2. Risk Management 1. Opening Session: Why do we need insurance? What is risk insurance? Discuss items used to offer relief after a natural disaster. Work Session: a. b. 3. Teacher Guided Instruction: Powerpoint on Insurance Student Independent Work: Hope in the Field of War reading and worksheet Closing Session: Name 3 things you learned from the reading?

Accommodations for Differentiated Instruction (as necessary) for: Resource Students: Non-Native English Speakers: Gifted Students: Learning Styles: Students will be divided into groups. Multiple Intelligences: Academic Levels:

Summarizing/Closing Activity: Students were to complete a summarizer of the days lesson. Student had to complete a ticket out the door Homework: N/A