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#6


A business finds that employees are involved in many road accidents that result in damages

to its fleet of motor vehicles, despite having driving training and instruction. Rather than fully insuring its equipment, the business elects to insure its vehicles subject to a deductible of $1,500 per vehicle. Which approach to risk management does this plan reflect?

Question 6 options:


 

Risk retention


 

Risk reduction


 

Risk avoidance

Top Answer

Risk reduction... View the full answer

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