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(Solved): Chapter one   Risk and  Its treatment QUESTION FIVE   Applied Case   ...



Chapter one   Risk and  Its treatment

QUESTION FIVE

 

Applied Case

 

There are several techniques available for managing risk. For each of the following risks, identify an appropriate technique, or combinations of techniques ,that would be appropriate for dealing with risk.

A family head may die prematurely because of heart attack.

 An individual’s home may be destroyed in hurricane.

A new car may be severely damaged in an auto accident.

A negligent motorist may be ordered to pay a substantial liability judgment to someone who is injured in an auto accident.

A surgeon may be sued for medical practice.

 

 

Solution

 



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Question 1: If a family head may die prematurely because of the heart attack he may take multiple steps to cover the risks applicable. Firstly, he may
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