Insurance-4

3. risk control techniques of avoiding the risk
8. first objective after a loss occurs, the firm can resume at least partial operations within some reasonable time period.
9. _ _ _Loss objectives before a loss occurs.
12. Preparing for potential losses in the most economical way.
14. One of the pre loss objectives where the risk manager works to reduce it
15. identifying loss exposures faced by an organization and selecting the most appropriate techniques for treating the loss exposures
16. spreading the loss exposure across different parties.

1. reduces the probability of loss so that frequency of losses is reduced Loss - - - - - - - - - -
2. refers to the probable number of losses that might occur during some given time period.
4. technique refers to having back-ups or copies of important documents or property
5. possibility of financial loss that a person or organization may face if held legally responsible for injury, damage, or harm caused to others (people or property).
6. Physically or technologically separating items.
7. Loss situations in which a person or business faces the possibility of financial loss due to damage, destruction, or loss of physical assets such as buildings, equipment, inventory, or vehicles.
8. refers to the probable size of the losses that might occur.losses that might occur.
10. reduce the severity of a loss after it occurs. Loss _ _ _ _ _ _ _ _ _.
11. _ _ _ Loss objectives after a loss occurs.
13. income loss due to interruption of business operations