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URL:https://www.learndesk.us/class/6697955492888576/lesson/efc7f7b2ba13671a38f0cf382b5db7cf?ref=outlook-calendar
SUMMARY:Risk Management Snapshot Review
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6697955492888576/lesson/efc7f7b2ba13671a38f0cf382b5db7cf?ref=outlook-calendar
DESCRIPTION: RISK MANAGEMENT STRATEGIES
● two dimensions of risk: size, and probability; risk management: a structured approach to uncertainty
Avoidance
● refrain from risky activity
Reduction
● reduce probability; share responsibility
Transference
● pass risk by contract; insurance
Retention
● accept risk; self-insurance
RISK MANAGEMENT PROCEDURES
Education
● train in-laws, forms, and procedures, job performance
Disclosure
● provide information to reduce misunderstanding lawsuits; agency, property condition, duties, personal interest
Documentation and record keeping
● maintain evidence of compliance; manuals, forms, records, contracts, accounting, and other documents
Insurance
● general liability, E O, fire and hazard, flood, casualty, workers, personal property, consequential loss, surety bond
PRIMARY AREAS OF RISK
Agency
● main failures: to inform and disclose, to fulfill duties ● disclosures: verbal, written, signed receipt; agency relationship and duties; personal interest in...

https://www.learndesk.us/class/6697955492888576/lesson/efc7f7b2ba13671a38f0cf382b5db7cf?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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DESCRIPTION:Class Reminder
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