What Does Risk Identification Mean?

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What does Risk Identification mean? Read on to discover the definition & meaning of the term Risk Identification - to help you better understand the language used in insurance policies.

Risk Identification

Risk Identification

Risk identification is the means by which a company's management attempts to pinpoint risks in their business operations. This allows them to take steps to prevent these risks or create relevant solutions in case they do happen, such as purchasing adequate insurance coverage.

We hope the you have a better understanding of the meaning of Risk Identification.

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