### Lesson Plan: Fidelity Guarantee Insurance for Senior Secondary 2 Students
#### Subject:
Commerce
#### Topic:
Fidelity Guarantee Insurance
#### Duration:
1 Hour
---
#### Objectives:
By the end of the lesson, students should be able to:
1. Understand the concept of Fidelity Guarantee Insurance.
2. Identify the importance and benefits of Fidelity Guarantee Insurance.
3. Recognize different types of Fidelity Guarantee Insurance policies.
4. Explain the procedure for obtaining a Fidelity Guarantee Insurance.
5. Illustrate scenarios where Fidelity Guarantee Insurance is applicable.
---
#### Materials Needed:
- Whiteboard and markers.
- Projector and computer for presentation (optional).
- Handouts with key points and sample policies.
- Case study scenarios.
- Notebooks and pens for students.
---
#### Lesson Activities:
1. **Introduction (5 minutes):**
- Greet students and briefly recap the previous lesson on general types of insurance.
- Introduce the day's topic: Fidelity Guarantee Insurance.
- Explain the relevance of this type of insurance in both personal and professional contexts.
2. **Presentation (15 minutes):**
- Define Fidelity Guarantee Insurance: Insurance that protects employers against financial losses due to dishonesty or fraudulent acts committed by their employees.
- Highlight key components: Trustworthiness, security, and indemnity.
- Discuss the importance: Helps businesses mitigate financial risks associated with employee dishonesty, builds trust in the employment relationship, and can be a legal requirement in some industries.
- Present different types of policies:
- Individual policy (for a specific employee).
- Collective policy (for a group of employees).
- Position policy (linked to specific job roles).
- Blanket policy (covering all employees without specifying names).
3. **Group Activity (15 minutes):**
- Divide students into small groups.
- Provide each group with a real-life case study where Fidelity Guarantee Insurance would apply.
- Ask them to analyze the case, identify the risks involved, and propose how Fidelity Guarantee Insurance would manage these risks.
- Allow each group to present their findings briefly.
4. **Procedure for Obtaining a Fidelity Guarantee Insurance (10 minutes):**
- Explain the steps:
1. Assessing the need: Identifying the level of risk and coverage required.
2. Choosing a provider: Researching and selecting an insurance company.
3. Application: Filling out and submitting an application form detailing employees and job roles.
4. Underwriting: The insurance company evaluates the risk and sets the premium.
5. Policy issuance: Once approved, the policy document is issued to the employer.
5. **Q&A Session (10 minutes):**
- Open the floor for students to ask questions.
- Provide answers and further clarification on any points discussed.
6. **Conclusion and Assignment (5 minutes):**
- Summarize the key points learned in today’s lesson.
- Assign homework:
- Students should find and summarize an article or a real-world example of a Fidelity Guarantee Insurance claim.
- Prepare to discuss how Fidelity Guarantee Insurance impacted the outcome for the next class.
- Thank the students for their participation.
---
#### Assessment:
- Participation in group activity and case study analysis.
- Quality and depth of questions asked during the Q&A session.
- Completion and understanding demonstrated in the homework assignment.
---
#### Reflection:
- Gather feedback from students about the lesson’s clarity and engagement.
- Reflect on which parts of the lesson were most effective and which may need improvement for future classes.
- Consider additional examples or interactive elements to enhance understanding in subsequent lessons.
---