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What is insurance an example of? Select one: a. Risk avoidance b. Risk assignment c. Risk mitigation d. Risk rejection​
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1 vote
What is insurance an example of? Select one:

a. Risk avoidance
b. Risk assignment
c. Risk mitigation
d. Risk rejection​

User Genusatplay
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1 Answer

6 votes

Answer:

Insurance is an example of C. Risk Mitigation.

Step-by-step explanation:

Insurance is used to manage (or mitigate) risk. Companies and individuals purchase insurance to protect themselves from financial stress. For example, car insurance insures your car up to a certain percentage or value amount if something were to happen to your car while driving.

User Gislef
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