Risk management professionals need to be able to assess, recognize, plan for, mitigate towards a multitude of different liability exposures. They need to know what risk control techniques to avoid, prevent and reduce such loss exposures. Even before the techniques, they need to understand some major types of liability loss exposure.
- Premises liability loss exposure
- Operations liability loss exposure
- Products liability loss exposure
- Automobile liability loss exposure
- Environmental liability loss exposure
- Management liability loss exposure
Remember that you need to understand the liability loss exposure, assess that exposure, then apply the appropriate technique to reduce your liability loss exposure.