Business Administration: Insurance and Risk Management

This course provides a general overview of the Canadian business environment as well as the various functional areas of a business. Focus will be placed on the interrelationships between the functional areas of business, such as finance and accounting, sales and marketing, human resources, operations and logistics. The course will also introduce business structures, the role of government, business ethics, social responsibility and entrepreneurship. The course will provide a basic understanding of Canadian business practices and terminology and the concepts of macro and micro environments will be introduced.

This course is designed to provide the knowledge and skills to identify, analyze and minimize risks. Topics include when and how risk management methods are applied, the principles and processes used to mitigate risks and how to apply the resources to control their likelihood and severity.

This course is designed to allow the learner to work independently in an industry setting related to their field of study. Learners are expected to follow the work schedule of the practicum host. The duration of this practicum is five (5) weeks.

This course is designed to strengthen fundamental skills in written communications.  This course focuses on how to write clear, effective sentences and paragraphs, create organized, unified, and coherent business messages and documents. Emphasis will be placed on recognizing the importance of communicating for the intended purpose and audience. The students will apply the stages of the writing process to business writing: prewriting, writing, and revising, as well as research, prepare, format, draft, proofread and edit a series of documents commonly used in business.

This course is designed to develop professional verbal communication and presentation skills for the business environment. Emphasis is placed on verbal communication techniques, strategies, and presentation tools to deliver oral presentations with confidence and professionalism.

This course is designed to introduce a wide range of macroeconomic topics. Focus is placed on aggregate supply and demand, fiscal policy, unemployment, inflation, money and banking, monetary policy, as well as international trade and trade policy.

This course is designed to introduce the principles of economics and the economic behaviour of individuals and businesses. The course examines the roles of business, individuals, and government in the market system. Course topics also include the supply and demand model, market structures, price elasticity and regulations.

This course is designed to examine the challenges and successes of corporate social responsibility. Focus is placed on exploring corporate social responsibility as the continuing commitment by business to contribute to economic development while improving the quality of life for the workforce, their families and society at large. Focus also includes the application of ethical concepts and principles to make thoughtful and responsible ethical decisions for a business.

This course introduces accounting concepts. Focus will be placed on recording financial transactions for the complete accounting cycle, inventory, and related ratio analysis.

This course expands on transactions related to assets and current liabilities.  Focus will be placed on cash, receivables, capital assets, payables, basic payroll transactions, related ratio analysis and an introduction to various forms of businesses.

Prerequisites:

• GACG1126A

This course is designed to provide the knowledge of insurance principles and practice. Topics include the history of insurance and its current day function, roles, and risks. Other topics covered are the Canadian law and regulatory bodies impacting the insurance industry and fundamental processes such as determining rates, writing contracts, underwriting applications, reinsuring risk, and processing claims.

This course is designed to address the legal concepts, legislation, and policy wordings applicable to personal automobile coverage. Topics include the history and development of automobile insurance in Canada, as well as the shift from uniformity across the provinces to distinct differences based on provincially regulated plans. Focus is also placed on the provisions, definitions, and exclusions that apply to personal automobile coverages in the Atlantic Provinces.

Prerequisites:

• INAS1016B

This course is designed to discuss the legal principles that apply to liability insurance, which provides specific protection against third party claims. Focus is placed on how people and businesses can become liable to each other within the Canadian civil law systems as well as outlines the differences between common law and the civil code of Quebec.

Prerequisites:

• INAS1016B

This course is designed to provide knowledge and skills to evaluate and analyze the risks involved in insuring people and assets. Focus is placed on the underwriting process and the tools used to determine whether to accept, accept with conditions, or reject the risk.

Prerequisites:

• INAS1016B

This course is designed to develop the knowledge and skills of a new insurance broker or agent. Focus is placed on identifying client’s needs, obtaining quotations for coverage, assisting clients with the insurance application process, and ensuring coverage is placed appropriately and accurately. Additional emphasis is on the broker and agent’s role in the claims process. 

Prerequisites:

• INAS1016B

This course is designed to examine legislation and general principles that apply to all personal and commercial property insurance. Focus is placed on the elements that comprise habitational and commercial insurance contracts as well as the standardized forms that are used for these contracts.

Prerequisites:

• INAS1016B

This course is designed to develop the knowledge and skill to handle claims after a loss has occurred. Topics include the methods, tools and techniques used to analyze the policy contract, investigation of the loss, and the evaluation, negotiation, and claim settlement processes. Additional focus is placed on the legal and corporate environment in which loss adjusters work.

Prerequisites:

• INAS1020A

This course is an introduction to basic concepts in Canadian law that pertain to business. It provides students with an overview of various acts and legislations that govern the marketplace. Topics include contract law, tort liability, employment legislation, intellectual property, and real property.

This course develops arithmetic and algebraic skills to solve mathematical problems related to business. Business calculations include gross earnings, commission, taxes, break-even analysis, cost-volume-profit analysis, trade and cash discounts, markups, markdowns, and simple interest.

This course is designed to develop skills in financial mathematics. The primary focus is calculating compound interest. Topics include loans, invested sums of money, annuities, amortization, mortgages, sinking funds, and bonds.

Prerequisites:

• MATH1277A

This course provides an overview of marketing functions from a Canadian marketplace perspective. Emphasis will be placed on understanding a socially responsible marketing environment, researching and understanding consumer and business buying behaviours, and defining the marketing target.

This course introduces marketing strategies and focuses on the elements of the marketing mix. Emphasis is placed on decision-making for tangible and intangible products, pricing, distribution, and marketing communication, to achieve marketing goals.

Prerequisites:

• MKTG1102A

This course introduces a systematic approach to the concepts and theories behind creating effective workplaces. Organizational behaviour (OB) explores how individual, group and organizational characteristics can influence an organization’s effectiveness, productivity, and its ability to accomplish goals. Understanding organizational behaviour concepts and theories helps contribute to successful organizations.

This course provides an introduction to the meaning of community service.  Students learn how community service can enhance a student’s educational experience, personal growth, employability, and civic responsibility. Students participate in one day of volunteering to enhance their understanding of civic responsibility and to help the New Brunswick Community College realize its vision of transforming lives and communities.

This workshop introduces students to the process of finding employment. It explores the various strategies and resources available, and examines the role of social media.

This capstone course represents the culmination and integration of students’ fundamental business knowledge. The learner completes the key components of a small business plan.  Learners demonstrate their ability to integrate their learnings from previous courses and apply it to an integrated project. This course concludes with a short, written report as well as a brief presentation of findings and recommendations. 

This course is designed to examine facilitation, negotiation, and decision-making processes. Focus is placed on developing facilitation, decision-making and negotiation skills through applying tools, techniques, and approaches.

This course is designed to apply learning from the Business Administration program to an industry partner project. Working with faculty and an industry partner, learners are tasked with finding solutions to a business problem. Focus is placed on application of theory and best practices and using business tools, techniques, and strategies to gain a deeper understanding of the applicable Business Administration field. This course culminates with a final report and presentation of the project findings and recommendations.

This course introduces the fundamentals of computer applications and file management in a business environment. Focus will be placed on software features and functions for email, word processing and spreadsheets; scheduling, calendar management, and collaboration; and time and task management.

This course builds on the spreadsheet application skills acquired in Business Computer Applications I. Learners produce quality business workbooks designed for effective data management and analysis. The focus is on software processes, functions, and features to manipulate large data sets across multiple worksheets and workbooks.

Prerequisites:

• SAAL1849A

This course is designed to examine the principles and techniques of professional sales and customer service.  Focus is placed on quality customer service, successful sales strategies and activities, and developing relationships and customer loyalty.

A safe and healthy workplace is the responsibility of the employer and the employee. This course introduces students to the importance of working safely and addresses how employers and employees can control the hazards and risks associated with the workplace. Students will also learn about the roles and responsibilities of key stakeholders including WorkSafeNB, the employer and the employee in ensuring workplaces are safe.

This course introduces the principles and techniques used to analyze and interpret statistical data to help inform business decisions. Course topics include descriptive and inferential statistics concepts and applications. Also included is organizing, analyzing, interpreting, and presenting data both numerically and graphically.

Prerequisites:

• MATH1277A