Risk transfer tools. No single insurance policy applies to all risks, but transfer of risk is a common means of financing a loss. (Photo: Shutterstock)

There are various ways to finance loss from professional mistakes to cyberattacks and other risks. Insurance is one option, but in this series on managing risk, we need to move on to non-insurance management — how to pay for a loss that may occur regardless of how much loss control has been employed.

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