Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Beach Club is having the roof of its main building replaced. The contract for the roof replacement specifies that Beach Club will reimburse the roofing
Beach Club is having the roof of its main building replaced. The contract for the roof replacement specifies that Beach Club will reimburse the roofing company directly if the roofing materials are damaged as the result of any weather-related incidents that occur during the repair process. This is an example of which one of the following risk management techniques? Available answer options Select only one option A Forced retention, which is a risk financing technique B Indemnity agreement, which is a noninsurance risk transfer C Hedging, which is a noninsurance risk transfer D Strikeout option. Indemnity agreement, which is a loss prevention technique
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started