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

Watch our video to learn more about how to think through the 4 ways to deal with Risk.