Insurance functions as a risk management tool by transferring risk from an individual to an insurance company that is better equipped to absorb the associated costs.

Authors

• Person: Not available Organization: Pax Financial Group
  The Role of Risk Management in Your Financial Plan

Sources

• The Role of Risk Management in Your Financial Plan paxfinancialgroup.com Pax Financial Group via serper

Referenced by nodes (2)

• risk management concept
• insurance concept