Description
The Swift Corporation has 5,000 sales representatives and employees in the United States who drive company cars. The company’s risk manager has recommended to the firm’s management that the company should implement a partial retention program for physical damage losses to company cars.
- Explain the advantages and disadvantages of a partial retention program to the Swift Corporation.
- Identify the factors that the Swift Corporation should consider before it adopts a partial retention program for physical damage losses to company cars.
- If a partial retention program is adopted, what are the various methods the Swift Corporation can use to pay for physical damage losses to company cars?
- Identify two risk-control measures that could be used in the company’s partial retention program for physical damage losses.
Explanation & Answer
Attached.
Running head: PARTIAL RETENTION PROGRAM FOR PHYSICAL DAMAGE LOSSES
Partial Retention Program for Physical Damage Losses
Name of the Student
Name of the Institution
1
PARTIAL RETENTION PROGRAM FOR PHYSICAL DAMAGE LOSSES
2
Partial Retention Program for Physical Damage Losses to Company Cars.
The Swift Corporation has a huge workforce who use vehicles for the daily operation of
the company. this call for appropriate risk management systems that will enable the company to
operate smoothly and efficiently. Adopting a partial retention program for physical damage
losses to company cars is one of the methods they can employ for their risk management.
Advantages and Disadvantages
The Swift Corporation can reap the following benefits;
i.
The Swift Corporation can ...
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