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The primary burden of risk is losses that are actually suffered by individuals, households or business units, as a result of pure risk events. These losses are often direct and measurable and can be easily compensated for by insurance.
Example
When a factory gets destroyed by fire, the actual value of goods damaged or destroyed can be estimated and the compensation can be paid to the one who suffers such loss.
Similarly, if an individual has a sudden heart attack and undergoes a heart surgery, the medical cost of the same is known and can be compensated.
In addition there may be some indirect losses. For example the fire may interrupt business operations and lead to loss of profits which also can be estimated and the compensation can be paid to the one who suffers such a loss.
Similarly, if someone loses his ability to go to work and earn his daily wages due to his heart attack, it is an indirect loss
What else can I help you with?
Which among yr the following is a secondary burden of risk?
b
What has the author Wilfrid Treasure written?
Wilfrid Treasure has written: 'Diagnosis and risk management in primary care' -- subject(s): Methods, Risk management, Primary health care, Risk Management, Diagnostic Techniques and Procedures, Diagnosis, Primary Health Care, Primary care (Medicine)
What is a primary prevention strategy?
A primary prevention strategy focuses on preventing diseases before they occur by addressing risk factors and promoting healthy behaviors. This can include vaccination, health education, lifestyle changes, and environmental modifications. The goal is to reduce the incidence of diseases in the population and enhance overall health. By intervening early, primary prevention aims to decrease the burden on healthcare systems and improve quality of life.
Is FMEA the primary tool for Risk Assessment?
FMEA (Failure Mode and Effect Analysis) is not the primary tool for Risk Assessment. There are other tools as well.
What are the two primary risk levels of the air force risk management?
strategic and tactical
What is the primary risk of D and C?
The primary risk after the procedure is infection. Signs of infection include: fever heavy bleeding severe cramps foul-smelling vaginal discharge
What are two primary levels of risk management?
stratigic and operational
What DA Civilians primary reference for risk management?
000
What the are the two primary levels of risk management?
stratigic and operational
What is DA Civilian primary reference for risk management?
000
What are the two levels of air force risk management?
what are the two primary levels of air force risk management
Which is NOT one of the primary areas for risk and feasibility analysis?
deployment risks
