CASE APPLICATION

City Bus Corporation provides school bus transportation

b$.$ Identify the major loss exposures faced by City Bus. to public schools in Lancaster County. City Bus owns $50$

c$.$ For each of the loss exposures identified in $($b$),$ idenbuses that are garaged in three different cities within the tify a risk management technique or combination of county. The firm faces competition from two larger bus techniques that could be used to handle the companies that operate in the same area. Public school exposure. boards generally award contracts to the lowest bidder, but the level of service and overall performance are also considered.

a$.$ Briefly describe the steps in the risk management process that should be followed by the risk manager of City Bus.