Explain the actual loss exposure

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Describe three (3) "risks" in your own life. Explain the actual loss exposure (e.g., Driving to campus, I could cause an accident and be liable for damage to another person's car.)

Discuss the risk management techniques you could employ to address your loss exposure:

• Which will you insure against?

• What losses will you retain?

• How might you use any the following risk control methods (be sure to review the concepts as explained in Chapter 3 and ID the use of at least one in connection with at least one of your risks): Prevention, Reduction, or Avoidance

Reference no: EM132965816

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