What are some examples of risks that may not require you to buy insurance?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Buying insurance is one way to deal with risk. However, some risks can be countered with measures such as:
1. Installation of better locks or security devices or by moving to a location less susceptible to crime or flooding etc.
2. Loss of merchandise can be reduced by security devices on the items to be sold.
3.Liability losses resulting from customers slipping and falling can be reduced by clearing away snow or water on walkways, using signs to warn of large steps or redesigning products to reduce the possibility of injury to customers.
A knowledgeable insurance representative may also be able to suggest additional steps to reduce exposure to risks.