Question
5. Describe the differences in using insurance as a risk-handling technique as opposed to contractual transfer and limited liability as means of protecting an insured
5. Describe the differences in using insurance as a risk-handling technique as opposed to contractual transfer and limited liability as means of protecting an insured from risk. Also, please include the benefits of self-insurance, retention, deductibles and use of a captive as well. How does loss frequency and loss severity affect decisions?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, Maureen Sterling
7th Canadian Edition
1260065952, 978-1260065954
