which is an example of risk retention? (1 point) having deductibles keeping a fire extinguisher in your…
which is an example of risk retention? (1 point) having deductibles keeping a fire extinguisher in your kitchen quitting smoking starting an exercise routine
Answer
Brief Explanations:
Risk retention is accepting a certain level of risk and being prepared to bear the cost. Having deductibles means the policy - holder agrees to pay a certain amount out - of - pocket before insurance kicks in, which is a form of retaining some risk. Keeping a fire extinguisher is risk mitigation, quitting smoking and starting an exercise routine are health - related risk reduction measures.
Answer:
having deductibles