Describe each and how each of the alternatives can be used

Reference no: EM133406609

Question: Risk transfer is a risk response that is available in relation to hazard risks. When the risk is transferred it is usually done through insurance. With insurance, an insurance company is contracted to pay a certain sum of money in the event of defined conditions arising or defined events occurring. What are 2 alternatives to insurance? Describe each and how each of the alternatives can be used to transfer risk for an organization.

Reference no: EM133406609

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