What does Strategic Risk Financing mean? Read on to discover the definition & meaning of the term Strategic Risk Financing - to help you better understand the language used in insurance policies.
Strategic Risk Financing
Strategic risk financing is the practice of reviewing and assessing a situation to determine a plan to cover financial risks. The goal is to develop a strategy to have enough protection while still being cost-effective. Often, a strategic risk financing decision comes down to whether or not it makes sense to buy insurance, what types of insurance to consider, how much coverage is needed, and other related details.
We hope the you have a better understanding of the meaning of Strategic Risk Financing.