What are three alternative strategies for managing a risk? ...

[strangeaffliction]

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]

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.

[strangeaffliction]

Thanks for the timely response, appreciate it

[xiazhe]

Wow, this really help