Retention of risk may be done conveniently by
A. Large corporations
B. Small companies
C. Single individuals
D. None of the three
Answer: Option A
Solution(By Examveda Team)
Retention of risk may be done conveniently by large corporations. The business would be responsible for all costs and damages that occur as the result of a crisis, accident or other unforeseen incident that results in loss. Retention refers to the assumption of risk of loss or damages.Related Questions on Insurance
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