Risk Management

Risk management is a form of planning and decision-making dealing with uncertain events as well as controlling risks before they can become a problem. While insurance is commonly associated with risk management, it is not possible or practical to insure against every situation; hence, risk management provides additional strategies for dealing with loss.

This discipline’s competencies will demonstrate the varying strategies of dealing with risk by focusing on insurance, subrogation, training, and safety, in addition to how to effectively handle a loss.




Fundamentals of Risk Management

Risk Management is the process whereby risks are identified, analyzed, classified and handled.



Insurance is a system under which individuals, businesses and other organizations or entities, in exchange for payment of a sum of money (a premium), are guaranteed compensation for losses resulting from certain perils under specified conditions.


Fleet Safety Policies

Fleet driver training and vehicle safety are a means of preventing employee and property losses to an organization through training and education.


Fleet Safety Programs

Fleet safety programs use written policies to document specific processes for employees.


Crash Management

Crash management is the process of controlling direct and indirect losses incurred during and after vehicle crashes.

Note: Risk Management Reference and Study Guides were updated in March 2020. Learn more..

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