What is the most common risk transfer method?
A) Insurance
B) Using an independent contractor
C) Using waivers
D) Using indemnification clauses

Question

Quizplus · Accepted Answer

Insurance is the most common risk transfer method as it allows the organization to transfer the risk to an insurance company in exchange for a premium payment. This provides protection and financial security to the organization in the event of certain types of losses or damages. The other options (using an independent contractor, using waivers, and using indemnification clauses) may also be used for risk transfer, but they are not as commonly used as insurance.

What Is the Most Common Risk Transfer Method