Look at this amazing crown I found. I think I am going to keep it
Are you willing to take the risks with you?
No, but I will transfer them to you
That's not how it works. You can transfer the risk but not to me. You can probably avoid, reduce, or even ignore risks.
What does all of this mean?
Well, those are the ways to handle risk. To avoid risk is to do things in a safe way like obeying the law. To reduce you can usually take safety measures and to ignore risk is not doing anything at the sight of risk
Thanks for explaining the ways to manage risk to me
Examples of risk events would be driving a car that is low on gas, or driving a bike that has broken brakes or even buying something even though you are in debt