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Cost
and Insurability? Frequency vs. Severity...
While buying an insurance policy may be the most
common way in which to deal with a possible
situation, this may not always be the right
decision due to cost and insurability.
In situations where the frequency of the risk
event and the severity of the damages caused by
it is HIGH, the best risk management alternative
is to avoid the risk altogether. This can be
achieved in a number of ways... and your
VAGIBCORP
representative will be glad to discuss them all.
But this is just the beginning. There are
different approaches to all four strategies
shown in the table
below. Your
VAGIBCORP
representative will help you determine the best
and most effective option to deal with your
company’s specific risk management needs while
keeping costs in check.
RISK MANAGEMENT TECHNIQUES |