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Insurance is a necessary evil for risk managers.
While minimizing risk is always paramount, risk management determines how to handle exposures through such practices as avoiding risk, retaining risk, reducing risk, or transferring risk, usually by insurance. For many risks, insurance or self-insurance is the chief means of transferring risk. Risk managers obviously need to fully understand insurance coverage issues. They will need to make sure that they have the best coverage for their situation and that they are in a position to be able to enforce the coverage should a loss occur. There are several good books that fully explain the intricacies of coverage issue.