SpeedyTime Delivery requires their drivers to wear seat belts as they operate their trucks. This is an example of self-insuring as a risk management strategy.

Question

Quizplus · Accepted Answer

Wearing seat belts is not self-insurance, but rather a way a business like SpeedyTime can reduce risk. Seat belts will minimize the severity of injuries from accidents. Self-insurance is a strategy where firms set aside money to cover routine claims and buy "catastrophe" insurance to cover big losses.

SpeedyTime Delivery Requires Their Drivers to Wear Seat Belts as They