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Risk management is a process by which you assess and evaluate the interest insured under question and take all necessary precautions to reduce and minimize the probability of loss occurrence .
This is of course from insurance point of view , also I may add the following :-
1/ assure that your interest insured or property is completely covered in term of insured perils and total sum insured.i.e insurance coverage should be to it's full actual value.
2/ You may also have the chance to select the best insurer or insurance company that charge the fair premium and pay claims promptly and provide the best services.
3/ Be in contact with your insurer and follow your insurance policy during the course of insurance to make the necessary amendments when needed and comply with insurance policy conditions and assure the renewal of the insurance policy in the accurate time. IE at expiry
Thanking you , with my very best wishes.
Risk Management is the process of identifying all possible risks that might impact an individual or a firm financially and/or physically, and minimizing or eliminating these risks through adequate precautions and insurance. This might include risk retention, and all types of insurance including health insurance, auto insurance, umbrella insurance, life insurance, and the likes.
Risk Management relates to any business nature products, providing positive and negative evaluation. It further provide practical reasoning of success or loss.
i know insan ko buth kam nhi atai wo dosro se saikta hy...ya study krta hy...zimadari jab parti hy thu per awr kam ko buth tariqai se krta hy......
jis kaam ko karna na aata ho usko apne zime mat lo. that i
s risk management
