This document discusses risk management for businesses. It covers three main topics: an overview of risk management including identifying risks and ways to deal with them such as avoiding, transferring, insuring or assuming risks; insurable risks including types of business insurance; and uninsurable risks including why some risks cannot be insured and strategies to reduce risks of doing business internationally.

1. Risk Management 14-1 Overview of Risk Management 14-2 Insurable Risks 14-3 Uninsurable Risks 14

7. POSSIBLE WAYS TO DEAL WITH RISK Chapter 14 Slide Method Activity Avoid Choose not to complete the risky activity Transfer Find another business to complete the activity Insure Purchase insurance to pay for any losses Assume Complete the activity with full responsibility