Risk reduction generally includes the use of insurance.

Name: Risk reduction generally includes the use of insurance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Insurance is a popular tool to reduce risks. Insurance transfers the risk from an individual or organization to an insurance company. By paying premiums, individuals or organizations protect themselves from financial losses in case of unexpected events such as accidents, natural disasters, or unexpected interruptions in business operations.

Risk Reduction Generally Includes the Use of Insurance