Business & Risk Management
Are you looking for a career with excellent job outlook as well as great pay? If so, there are numerous careers in the Insurance field that offer both and the Business & Risk Management program may be just for you!
Did you know that over 40% of our local insurance workforce is within 10 years of retiring? Those retirements are going to leave a huge gap in local companies who are going to need trained professionals to step in and fill these jobs. Some high demand areas include; Actuaries, Information Security Analysts, Marketing Specialists and Management Analysts just to name a few. Salary ranges in careers such as these can range from $48,000-$94,000 per year.
Insurance companies are not only looking for agents and claim adjusters, they need IT and marketing professionals, HR personnel and fraud investigators. Business and insurance careers offer great earning potential, stability in a growing industry as well as a challenging and rewarding career path. This program will allow you to explore the insurance industry through a partnership with nationally recognized AF Group.
As part of this program, you will have the option to earn three industry certifications in the areas of Property and Liability, Personal Insurance and Commercial Insurance and take pre-licensing exams. In addition, upon successful completion of this program, you can earn direct college credit with Northwood University, Olivet College or Ferris State University.
|RMIN 200 (Foundations of Risk Mgmt. & Ins.)||3|
|RMIN 253 (Personal Insurance)||3|
|RMIN 252 (Commercial Insurance)||3|
|RMIN 305 (P/C Licensing||3|
|BUSN 120 (Introduction to Business)||3|
|BUSN 210 (Professional Ethics)||3|
|BUSN 265 (Entrepreneurship)||3|
|FINC 223 (Entrepreneurial Finance)||3|
|FINC 230 (Financial Planning & Insurance)||3|
|HRMG 213 (Human Resource Management)||3|
|MGMT 211 (Management Foundations)||3|
|RMGI 221 (Principles of Risk Mgmt & Insurance)||3|
|RMGI 322 (Personal Insurance)||3|
|RMIN 200 (Foundations)||3|
|RMIN 252 (Commercial)||3|
|RMIN 252 (Personal)||3|
|RMIN 305 (Licensing)||3|
The number of credits a student receives will depend on area of study, additional course requirements and meeting the minimum competency requirements at 80%. Credits earned at Ferris State University can also be used at Olivet College.
Credits are subject to change
Our mission is to provide students with the essential knowledge, skills, and work habits to excel in their careers and future learning.
Business and Risk Management
National Career Cluster
Michigan Career Pathway
Finance: Insurance Pathway Standards
Property and Casualty Producer/Solicitor License – State of Michigan
Masters in Educational Technology – Western MI University
Bachelor of Business Administration – General Business – Davenport University
Teaching Certificate – Business Administration and Speech 6-12 – Olivet College
Occupational Certificate - Business Administration Management Operations
Nine years of teaching risk management and insurance at the secondary level
Types of Credit
One full fourth year math credit
One full third year science credit
Michigan Merit Curriculum: Visual Performing and Applied Arts (VPAA), one full credit
World Language credit
Ferris State University
None. Ability to read and write at a college level highly recommended.
Course Information - Grade 11
- RMIN 200-Foundations of Risk Management and Insurance 3 cr. (Concurrent Enrollment-Ferris)
- RMIN 253-Personal Insurance 3 cr. (Concurrent Enrollment-Ferris)
RMN 200: This course introduces students to the basic principles and concepts of risk management as it relates to everyday personal and business life. Different forms of risk and risk management are examined. Processes for identifying, assessing, controlling, and financing risk exposures are explored. Insurance, as one of the more common risk financing techniques, is studied including the topics of common insurance policy concepts and insurance policy analysis. This is the introductory course for students wishing to pursue a risk management and insurance education.
- Distinguish classifications of risk, loss exposures, and the fundamental elements of the risk management process.
- Differentiate the principles and methods of risk assessment, risk control, and risk financing.
- Evaluate the types of risks that are insurable and how insurance serves as a beneficial risk financing technique.
- Analyze the characteristics, structure, and interpretation of insurance policies.
- Examine common insurance policy concepts.
RMIN 253: This course explores aspects of personal risk management, and the common personal lines insurance products used to address such risks. Personal automobile, homeowners, and other residential insurance products are covered. Also addressed in this course are personal liability, life and health insurance products, disability, and retirement planning.
- Examine property and liability loss exposures faced by individuals and families.
- Given a case, determine coverage afforded by the Personal Auto Policy.
- Given a scenario, determine coverage under the Homeowners property and liability coverage sections.
- Given a family scenario, recommend an appropriate life insurance product and method for determining the amount of life insurance needed.
- Compare the plans and products that can be used to address the disability, health, and retirement loss exposures.
RMIN 252: This course provides students an overview of commercial insurance, premium determination, and legal liability. Insurance coverages studied include commercial general
Course Information - Grade 12
- RMIN 252-Commercial Insurance 3 cr. (Concurrent Enrollment-Ferris)
- RMIN 305- Property and Casualty Insurance Licensing 3 cr. (Concurrent Enrollment-Ferris)
Liability, business auto, garage and motor carrier, commercial property, business income, workers’ compensation, excess liability, professional liability, cyber risk, terrorism, inland marine, crime and security bonds.
- Differentiate the purpose of and exposures addressed by each of the various lines of commercial insurance.
- Given a case, calculate the extent of coverage afforded by the Commercial General Liability Form
- Examine causes of loss, conditions, limits of insurance, and categories of property covered under the Commercial Property Coverage Form.
- Distinguish the coverage provided by Workers Compensation and Employers Liability insurance and relate it to employer fulfillment of statutory obligations.
- Illustrate how excess and umbrella insurance can be used in a layered liability insurance program, and describe the problems that may occur.
RMIN 305: This course prepares students to take the state exam for P/C Producer/Solicitor’s license. Upon successful completion of this course and passing a final exam with 90% and Sir Mix A Lot Sir Mix A Lot test with a 73%, students who are 18 years of age will be eligible to take the P/C Producer/Solicitor State Exam through PSI Testing Center in Holt, MI. Students will use materials from Uncle Bill’s P/C curriculum to study from and prepare for the state exam.
Students will understand and answer with proficiency, General Insurance, Homeowners and Dwelling, Personal Auto, No-fault Auto, State Law for P&C specific, General State Law, Commercial Package Policy, Commercial Auto, Worker’s Comp, BOP and Miscellaneous.
Meeting Days / Times
Monday – Thursday
- AM Session – 8:00am – 10:40am
- PM session - 11:35am – 2:15pm
Frequent scheduled trips to AF Group Headquarters (Lansing)
- 8:35 a.m. – 9:40 a.m. – AM session
- 12:20 p.m. – 1:40 p.m. – PM session
** Bus transportation to and from Lansing is provided **
Required Text and Materials
- Fundamentals of Insurance, Tena B. Crews, SouthWestern Cengage Learning, 2nd Edition
- InVEST online curriculum investprogram.org
- Uncle Bill’s Guide to Property/Casualty, 2010 UB Van Door, Inc.
- A basic hand calculator is often needed during class for assignments.
- For study purposes, tools for note-taking, including a notebook and index cards are recommended.
Attendance and Participation
Good attendance is required and the Wilson Talent Center’s attendance policy will be enforced. The majority of class time will be spent reading and discussing the textbook as a large group or in smaller teams, building employability skills, professional development and projects. An excused absence is one that can’t be helped. For example, you are very sick or you are involved in another academic activity at your home school that day. If you know you will be absent ahead of time, please see me in advance to make homework arrangements. It is your responsibility to find out what you missed. This should take place before the next class. You are still responsible for submitting any work that is due.
Portfolios: Each of you will have a professional portfolio kept in the classroom. Examples of items that will be kept in your portfolio are:
- Cover Letter
- College and Job Applications
- Any awards, certificates and/or letters of recommendation you may receive throughout the course of the year.
Submitting Work: All assignments and class announcements are housed in PowerSchool Learning. Students are expected to submit work electronically on PowerSchool Learning by the date and time noted on the assignment.
Late Assignments: Late work will be marked down 25% for each day that it is late. It’s important to hand in assignments on time. Computer problems are not excuses for late work. Find a solution to your technology problem: use a friend’s computer, use the school’s facilities, and plan ahead. It is in your best interest to save an electronic copy of your work in multiple locations.
AF Group: Students are expected to be polite, courteous, and professional when the class meets at the AF Group Headquarters. Dress must be business casual prior to entering the building – students may not change into business casual attire once inside. Students not properly dressed will be asked to return to their home school. Students will need to arrange for transportation in these instances.
Grades are based on Skill/Knowledge Attainment (for 65% of the final grade) and Work Habits (for 35% of the final grade). Skill/Knowledge Attainment consists of the following:
- Tests and Quizzes: 20%
- Activities/Assignments: 15%
- Projects: 30%
- Work Habits: 35%
Work Habits are the ways in which a worker goes about doing a job. Developing excellent Work Habits is as important as developing excellent knowledge and job skills, thus these are included as part of each student’s class grade. The ten (10) Work Habits evaluated are listed as follows:
|Rating||Grade||Attendance/ Participation for Excused Absences||Description|
|5 - Exceptional||100% A||0 - 2||Student always satisfies work habit indicators. student exceeds work habits standards when possible.|
|4 - Acceptable for Employment||87% B+||3||Student satisfies work habit indicators a large majority of the time. student is ready for job placement.|
|3 - Acceptable for Classroom||75% C||4||Student usually satisfies work habit indicators. Student is not ready for job placement.|
|2 - Not Acceptable for Classroom||55% E||5||Student satisfies the work habit indicators less than half of the time. Student's work habits need great improvement in order to continue at the Talent Center.|
|1 - Not Acceptable fro WTC||0% E||6+||Student rarely satisfies the work habit indicators. Student's work habits need great improvement in order to continue at the Talent Center.|
Attendance work habit: Students may have up to two excused absences each six-week marking period without it affecting their work habits grade.
All written work and participation receives point scores, and your percentage of total points determines your course grade. There is no extra-credit or make-up work, so put full effort into the regular assignments.
93-100% = A
90-92% = A-
87-89% = B+
83-86% = B
80-82% = B-
77-79% = C+
73-76% = C
70-72% = C-
67-69% = D+
63-66% = D
60-62% = D-
0-59% = E
"Werq" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
About Business & Risk Management
1-2 year program
1st year students attend in the AM
2nd year students attend in the PM
Skills Students Leave With:
Areas of Insurance