How can a business save on premium paid to insurance companies while also mitigating risk effectively?

A) by covering all the risks that a business could face

B) by having a higher deductible

C) by choosing an unlicensed insurance agent

D) by making sure no employees take risks in the business

Question

Business

Angeline Wells

8 May, 07:50

How can a business save on premium paid to insurance companies while also mitigating risk effectively?

A) by covering all the risks that a business could face

B) by having a higher deductible

C) by choosing an unlicensed insurance agent

D) by making sure no employees take risks in the business

+2

Answers (1)

Know the Answer?

Joanna Walsh · Answer 1

I would start by thinking of two variables, First, D to lower the risk of the over all company. then, after you would raise the deductibles. Which is usually only after you have lowered the risk

How can a business save on premium paid to insurance companies while also mitigating risk effectively?A) by covering all the risks that a business could faceB) by having a higher deductibleC) by choosing an unlicensed insurance agentD) by making sure no employees take risks in the business

How can a business save on premium paid to insurance companies while also mitigating risk effectively?

A) by covering all the risks that a business could face

B) by having a higher deductible

C) by choosing an unlicensed insurance agent

D) by making sure no employees take risks in the business