How to deal with Risk
How to Deal with Risk
Advisors Insurance Agency
Most insurance professionals help individuals and business owners do 1 primary thing.
Transfer risk
to an insurance carrier. However, before transferring risk to an insurance carrier there are other ways to deal with risk.
Watch our video to learn more about how to think through the 4 ways to deal with Risk .
- Avoid - Remove the risk altogether
- Reduce - Minimize the likelihood and severity of a perilous event.
- Retain - Willingness to pay out of pocket for a perilous event.
- Transfer - Transfer risk to an insurance carrier at a premium
Watch our video to learn more about how to think through the 4 ways to deal with Risk .
This Article was Written by
Miles Merwin
Principal Advisor at
Advisors Insurance Agency
Share this Post
More Blogs from the Advisors Team
Small Business Highlight Paseo Tapas and Wine Bar
Written by Andrew Anderson - Small Business and Personal Lines Advisor
