Which one of the following statements about risk financing measures for cyber risk is true? a. Disclaimers are the most effective way to transfer or finance cyber risk exposures. b. Traditional commercial property and liability policies provide the best option for financing cyber risk loss exposures. c. A significant drawback to risk retention as a method to finance risk is that it discourages risk control. d. A hold-harmless agreement is a type of noninsurance risk transfer that organizations can use to receive reimbursement for cyber risk
Which one of the following statements about risk financing measures for cyber risk is true? a. Disclaimers are the most effective way to transfer or finance cyber risk exposures. b. Traditional commercial property and liability policies provide the best option for financing cyber risk loss exposures. c. A significant drawback to risk retention as a method to finance risk is that it discourages risk control. d. A hold-harmless agreement is a type of noninsurance risk transfer that organizations can use to receive reimbursement for cyber risk
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Which one of the following statements about risk financing measures for cyber risk is true? a. Disclaimers are the most effective way to transfer or finance cyber risk exposures. b. Traditional commercial property and liability policies provide the best option for financing cyber risk loss exposures. c. A significant drawback to risk retention as a method to finance risk is that it discourages risk control. d. A hold-harmless agreement is a type of noninsurance risk transfer that organizations can use to receive reimbursement for cyber risk
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