FAQs > Business Insurance > What are some key risk management techniques?
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The primary ways of dealing with risk include:
1. Find ways to avoid risks such as eliminating potentially hazardous products or procedures
2. Reduce the frequency or severity of risks that cannot be eliminated
3. Transfer the risk to an insurance company (or perhaps to another party by means of legal agreements that your business will be “held harmless”).
Last updated on June 17, 2011 by Fowler & Associates Insurance Services, LLC.
