After reading your memo from Part I, Francisco has asked you to provide a memo explaining what risk management techniques you would use to control the property and liability risks you identified in Part I. Your memo should be 3-5 pages long and should include: An evaluation of the likely frequency and severity of the potential losses you identified in Part I What risk control technique(s) you would use to reduce the frequency and severity of the potential losses you identified in Part I (e.g., avoidance, loss prevention, loss reduction) What risk financing technique(s) you would use for the funding of these losses (e.g., retention, non-insurance transfers, commercial insurance) A Risk Management Policy Statement, which will outline the company's risk management objectives and policy on loss control