All posts by Vidya Gaur - 56. page

Professional Tax Consultant and Article Writer

Conversion to Public Limited Company : Incorporation is another example of risk transfer. If a firm is a sole proprietorship, creditors for satisfaction of debts can attach the owner’s personal assets, […]

Passive Risk Retention : Risk can also be retained passively. Certain risks may be unknowingly retained because of ignorance, indifference, or lasiness. This is often dangerous if a risk that is […]

Risk Transfer : Risk transfer is another technique for handling risk. Risks can be transferred by several methods, among which are the following: (a) Transfer of risk by contracts; (b) Hedging […]

Transfer of risk by contracts : Unwanted risks can be transferred by contracts. For example, the risk of a defective television or stereo set can be transferred to the retailer by […]

Hedging price risks : Hedging price risks is another example of risk transfer. Hedging is a technique for transferring the risk of unfavourable price fluctuations to a speculator by purchasing and […]

RISK PLANNING AND CONTROL : Once risk and identified and analyzed, it is important to plan and adopt a suitable strategy for controlling the risk. Risk planning and controlling is the […]

Risk Avoidance : Risk avoidance is one method of handling risk. For example, you can avoid the risk of being pick pocketed in Metropolitan cities by staying out of them; you […]

Risk Retention : Risk retention is a second method of handling risk. An individual or a business firm may retain all or part of a given risk. Risk retention can be […]

Active Risk Retention : Active risk retention means that an individual is consciously aware of the risk and deliberately plans to retain all or part of it. For example, a motorist […]

RISK MANAGEMENT : ‘Risk, in insurance terms, is the possibility of a loss or other adverse event that has the potential to interfere with an organization’s ability to fulfill its mandate, […]