Risk control

Risk control definition:

A conscious act or decision not to act that reduces the frequency and/or severity of losses or makes loss more predictable.

Ins shark logo small

InsuranceShark translator:

Risk control is your decision to act, change a process or procedure, or prevent losses from occurring.  Examples of risk control techniques include: Avoidance, loss prevention, loss reduction, separation, duplication, and/or diversification.



Enjoy this site? Please LIKE, follow or share!!