What is the potential loss exposure associated with the risk

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Reference no: EM133573246

Subject: Worn out tires

1. what is the peril itself?

2.what hazards(physical,moral,morale/attitudinal,legal) influence this peril(increase severity/frequency)?

3.what is the potential loss exposure(in terms of money) associated with the risk(this means you need to pick risk with more easily calculatable losses)/

4. How can each of the following measures be leveraged to control the risk? Avoidance

? Loss prevention & Loss reduction

? Duplication, Separation & Diversification

 

Reference no: EM133573246

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