A trucking company owns a fleet of gravel trucks,and rather than fully insure the fleet,the company chooses an insurance policy that provides for a $5000 deductible in the event of a loss involving one of its vehicles.In choosing the $5000 deductible,what form of risk management is the company using?

Question

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The company is using risk retention by choosing to self-insure up to a certain amount ($5000 deductible), meaning it retains the financial responsibility for losses up to that amount.

A Trucking Company Owns a Fleet of Gravel Trucks,and Rather