Describe the advantages and disadvantages of using


1. Describe the advantages and disadvantages of using insurance as a loss-financing technique.

2. Describe the role of deductibles in insurance contracts.

3. What are the potential advantages (and disadvantages) of a self-insurance program?

4. Describe the benefits associated with using captive insurers as a loss-financing technique.

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Operation Management: Describe the advantages and disadvantages of using
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