Risk management is the Commercial Insurance specialists ’ role in assisting his client company to identify and manage the risks that threaten it. This help may comprehend the concretion and appraisement of those risks so that possible actions can be taken to reduce their payoff and to provide for the cost of loss. Many risks can only be eliminated completely by incurring unacceptable costs or inconvenience, but it may be possible to reduce them to an acceptable scale. Loss control methods may work to abate the probability of loss - fire-resistant partitions - or to diminish the severity of loss once it occurs - for example by the installation of sprinklers. Despite a risk that has been controlled in this way, there may still be remaining risk which would be too great to be pulled comfortably by the company. In this kind of case, the risk may be bartered by insurance or financed when it occurs, either by taking loans or by encountering it from the company's own resou...
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