Question: You work as a risk manager for a big manufacturing company who sells to retailers all over the country. Your legal department is currently in
You work as a risk manager for a big manufacturing company who sells to retailers all over the country. Your legal department is currently in a battle with one of your many retailers over who is going to be responsible for the product liability risk. Identify which of the following statements are reasons to consider accepting the risk. (Select all that apply)
If we have the ability to implement better risk controls
Reputation risk is a primary concern for you regardless of who the customer sues
If we are the bigger company with "deeper pockets" / more money
If the risk is more easily pooled with the risks at our company than the other
If possible it's best to have the other party indemnify you
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