When a star football running back pays an insurance company to insure his legs,this is an example of

Question

Quizplus · Accepted Answer

The football running back is transferring the risk of injuring his legs to the insurance company by paying them to insure his legs. Risk avoidance would be the football player choosing to not play football or play in a less risky position. Loss control would involve the football player taking measures to minimize the risk of injury to his legs, such as wearing protective gear or practicing safe techniques. Risk retention would be the football player deciding to not purchase insurance and handling the risk of injury to his legs himself.

When a Star Football Running Back Pays an Insurance Company