You are a risk manager of a school bus company in Hong Kong, your boss owns over 1,000 school buses. During COVID 19, almost all the school buses parked in no covered car park every day because students no need to be back to school. Your boss is considering a partial retention program for physical losses to the school buses. a) Identify the factors that your company should consider before it adopts a retention
You are a risk manager of a school bus company in Hong Kong, your boss owns over 1,000 school buses. During COVID 19, almost all the school buses parked in no covered car park every day because students no need to be back to school. Your boss is considering a partial retention program for physical losses to the school buses.
a) Identify the factors that your company should consider before it adopts a retention program for physical damage losses to school buses.
b) If a retention program is adopted, what are the various methods you can use to pay for physical damage losses to school buses?
c) Identify two risk-control measures that could be used in your company’s retention program for physical damage losses
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