Author Question: What are three alternative strategies for managing a risk? What will be an ideal ... (Read 6 times)

strangeaffliction · **on:** Jul 26, 2018

What are three alternative strategies for managing a risk?

What will be an ideal response?

Question 2

Why might the purchaser of a builder's risk insurance policy require that a waiver of subrogation among all insured parties be included in the policy?

What will be an ideal response?

laurnthompson · **Reply #1 on:** Jul 26, 2018

Answer to Question 1

Alternative strategies for managing risk are (1) avoid the risk, (2) accept the risk, or (3) transfer the risk.

Answer to Question 2

A waiver of subrogation among insured parties generally is included in builder's risk policies to preclude the insurance company from suing one of the insured parties in the event the insured party caused the loss.