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Translate "Chapter 18: Risk Management and Insurance"
Author: Degenhart, Raymond, with contributions by Thomas R. Henneberry
Published In: Facilities Management: A Manual for Plant Administration, third edition
Date: 1997
Risk is uncertainty concerning the probability of an occurrence of financial loss not offset by opportunity for gain. A risk management program must identify and analyze loss potential and prevent loss to the maximum practical extent. Covers risk management policy statement, risk manager's functions, risk identification, risk control, risk funding, self-insurance, captive insurance, agents and brokers, risk management consultant, underwriter, public bidding. property insurance, pressure vessels and machines, liability insurance, umbrella liability, crime insurance, unemployment compensation, and other types of insurance.
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