If a firm has a good risk manager, there usually is no need to deal with an insurance agent who performs many of the same functions as a risk manager.

Question

Quizplus · Accepted Answer

A good risk manager focuses on identifying, assessing, and mitigating risks within an organization, while an insurance agent helps in transferring some of those risks to an insurance company through policies. Both roles complement each other in a comprehensive risk management strategy.

If a Firm Has a Good Risk Manager, There Usually