answersLogoWhite

0

How can a risk of a company be prevented is by taking an insurance policy.

Now, What is insurance?

Insurance is the agreement between two partners to undergo a certain agreement in case of any unfortunate circumstances. The first partner is called the insurance company(insurer) while the partner is called insured, which is the person taking the policy.

For a company to be prevented from risks it will has to take an insurance policy; for this risk occurring the insurance company will has to pay a certain sum of amount (called premium) to the company in other to cover half or almost the risk.

So, with this, the company will be prevented from risks of any nature.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What circumstances would have prevented your departure?

What circumstances would have prevented your departure?


How can vulvar cancer be prevented?

The risk of vulvar cancer can be decreased by avoiding risk factors, most of which involve lifestyle choices.


Is stunting dangerous?

Yes, but the risk can be prevented by using mats and trained coaches.


Where can you learn about company risk strategy?

One can learn about company risk strategy online at various websites. One can learn about risk strategy at websites such as Risk Strategies Company and ENISA.


How can the Hodgkin disease be prevented?

Unfortunately, Hodgkin disease cannot be prevented. However, there is evidence that consuming alcohol (beer, wine or spirits) in moderation reduces the risk of developing the disease.


Can retinoblastoma be prevented?

Although retinoblastoma cannot be prevented, appropriate screening and surveillance should be applied to all at-risk individuals to ensure that the tumor(s) are diagnosed at an early stage.


Who was responsable for the oil spill?

The B.P. Gas Company.. It could've been prevented


Can Headaches be prevented?

Lifestyle modification is one measure that people can take to lower their risk of tension headaches.


How is laryngeal cancer prevented?

Persons should not engage in smoking or drug abuse to decrease the risk of oral cancer.


Can a blood clot be prevented?

Some risk factors, such as genetically related diseases, cannot be minimized. But minimizing other risk factors will help prevent problems with blood clots.


How do you measure risk within a firm?

You can measure risk by calculating the risk associated with each project the company decides to take on. A company will generally balance their risks with their expected returns.


Can renal vein thrombosis be prevented?

There is no specific prevention for renal vein thrombosis. Preventing dehydration reduces the risk that it will occur.