Explain the advantages of using insurance in a risk management program Explain the disadvantages of using...

Explain the advantages of using insurance in a risk management program

Explain the disadvantages of using insurance in a risk management program

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Expert Solution

The advantages of using insurance in a risk management program are:-

- Risk Sharing because it helps in rescue the company when they are in the loss.

- Provide assurance to all the investors for the investment.

The disadvantages of using insurance in a risk management program are :-

- Pay slow in parts because of the biggest amount insurance company pay slowly slowly that harm the risk management for fast growth.

- Insurance company has very confusing policies when their is time for claim they denied for claim because of the company terms and condition. So this is also the disadvantage of the using insurance.

keosha answered 1 year ago

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