How Can You Manage Risks?
There are five methods a person can use to manage their risk of loss.
1. Avoidance: This risk management technique means that you eliminate the loss
exposure or never acquire it in the first place. For example, if you fear having
texting or talking on a cell phone- NHTSA says that in 2012, 1 in 2 drivers said they
answered cell phones and 1 in 4 drivers would make a call during some trips
talking to passengers
Individuals who drive without insurance
19 Oct 2015
Millennials, who account for 36 percent of the labor force and outnumber any other
generation at 80 million strong, are frequently being referred to as the lazy, self-centered, and
Motor vehicle crashes are the leading cause of death among 15- to 20-year
olds, according to the National Center for Health Statistics.
A total of 2,823 teenagers ages 13-19 died in motor vehicle crashes in 2012.
This is 68 percent fewer than in 1975 an
What is risk?
risk exist whenever there is an uncertainty about an outcome
in order to suffer a loss 3 things are essential
1. an item can suffer a loss (a building or personal health)
2. a cause of the loss( fire or lawsuit)