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How to deal with Risk
Understand how to deal with risk with Miles Merwin at Advisors Insurance in Greenville, SC. Contact us for your home, life, auto or business risk needs.
February 23rd, 2022
1 min read
How to Deal with Risk
Advisors Insurance Agency
Most insurance professionals help individuals and business owners do 1 primary thing. Transfer risk to an insurance carrier. However, before transferring risk to an insurance carrier there are other ways to deal with risk.Avoid - Remove the risk altogether
Reduce - Minimize the likelihood and severity of a perilous event.
Retain - Willingness to pay out of pocket for a perilous event.
Transfer - Transfer risk to an insurance carrier at a premium
This Article was Written by Miles Merwin Principal Advisor at Advisors Insurance Agency
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