Insuring with an insurance company
Insuring with another individual
Insuring with the owner of the company
Self-insurance
✅ The correct answer is D.
Risk Retention means Self-insurance. In other words the retention of risk means one is liable to bear the losses himself up to the amount retained.
Risk Retention means Self-insurance. In other words the retention of risk means one is liable to bear the losses himself up to the amount retained.