Freightgate - Cargo Insurance Guide BackContactHome
of class class java.lang.String --> -->
   Freightgate - Cargo Insurance Guide
 4. Methods of managing risk:
back to Index
AVOIDANCE of risk may be accomplished by removing a hazard, engaging in an alternative activity, or otherwise ending a specific exposure.

REDUCTION of risk reduces the probability or severity of a possible loss.

RETENTION of risk occurs when the client or prospect assumes a risk without purchasing insurance, or through the use of deductibles.

TRANSFER of risk is an option that includes, but is not limited to, insurance.

SHARING of risks is actually a variation of the retention concept.

Add URL | Advertise on Logistics Portal | Freightgate Mailing List | Associate Plan
Copyright © by Freightgate Inc. 1999- All rights reserved. Disclaimer