Alan Peachtree owns a hobby shop, which he runs from a detached garage on his property. Alan has set aside funds to pay for possible property losses rather than purchasing insurance. Which one of the following risk management techniques is Alan using?

Insurance

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Alan Peachtree owns a hobby shop, which he runs from a detached garage on his property. Alan has set aside funds to pay for possible property losses rather than purchasing insurance. Which one of the following risk management techniques is Alan using?

Options

A. Avoidance

B. Non-Insurance transfer

C. Retention

D. Loss control

Answer: C

The above question Alan Peachtree owns a hobby shop, which he runs from a detached garage on his property. Alan has set aside funds to pay for possible property losses rather than purchasing insurance. Which one of the following risk management techniques is Alan using?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.