Blake Corp. wants to transfer its risk to another organization. Which of the following methods would it most likely use?

Name: Blake Corp. wants to transfer its risk to another organization. Which of the following methods would it most likely use?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Transferring risk to another organization is commonly accomplished through insurance policies. Insurance allows a business to shift potential financial losses to an insurance company in exchange for regular premium payments.