Sarah works in a small local company. She owns a small apartment on the third floor and has several goods in her apartment (clothes, computer, tablet, smartphone, TV set, etc.) worth €20,000. She has an old bike, which she uses to commute to the work (she has to pass a small forest) as well as for recreation purposes. However, she likes riding quite fast and, from time to time, she hits pedestrians. She has enough money to buy a new bike, but in the past three of her bikes were stolen. She loves bubble baths and watching soap operas. Unfortunately, she is impatient-while preparing a bath, she usually watches TV and sometimes she forgets to turn the tap off after the tub is full. For each of the following risks or loss exposures, identify an appropriate risk management technique that could have been used to deal with the exposure. Explain your answer.
a. Theft of her bike
b. Flooding of Sarah's apartment and the ones downstairs because she left the water running in the bathroom
c. Liability lawsuit against Sarah arising out of hitting a pedestrian while riding a bike
d. Total loss of clothes, TV set, computer, tablet, and other personal goods because of burglary
e. Damaging the bike's tire in the forest
f. Bike's failure resulting in falling down and physical injury