Draft a business letter, using today’s date, from Phoenix Risk Management Ltd to Ricardo’s Burgers Ltd, a fast food retailer - Leaving Cert Business - Question (B) - 2018

Phoenix Risk Management Ltd
Main Street,
Athlone,
County Westmeath

14th June 2018

Ricardo’s Burgers Ltd
O’Connell Ave
Dublin

Dear Sir/Madam,

Re: Risk Management and Types of Insurance Cover
Further to your enquiry, I have identified the following insurance policies you should consider and recommend a number of risk management approaches:

1. Employers Liability
   This protects the business against claims made by employees who are injured in the course of their work. You should ensure all employees are trained in the use of cooking equipment.

2. Public Liability
   This protects the business against claims made by members of the public who are injured while on the premises, such as slip-and-fall injuries. You should ensure that all floors have appropriate warning signs where they may have been wet to avoid any injury.

3. Product Liability
   This insures the business against claims made by customers relating to the products you sell such as food poisoning claims. You should ensure all foods are cooked properly on the premises before serving. All items sold by dates on stock should be checked and adhered to. A standby generator could be considered in the event of loss of electricity to protect frozen products. Ensure that staff are properly qualified.

4. Buildings and Contents
   This provides you with protection against any loss caused by damage to the structure of the building caused by fire, flood, or storm. You should ensure a smoke alarm is fitted and there are adequate fire extinguishers in the premises.

5. Stock Control
   A stock control system should be put in place and stock taking carried out regularly.

I hope this is of help to you.

Yours faithfully,

Aaron Ryan
Risk Consultant

Other Policies:

• Fidelity Guarantee Insurance – insurance against fraud, theft or dishonesty of employees – ensure checks and balances are in place.
• Cash in Transit Insurance – ensure secure procedures are in place.
• Commercial Vehicles – ensure you have adequate insurance cover and the vehicles are roadworthy.