You choose to hire another contractor for the current project. This is an example of mitigating risk by avoiding it.
What is mitigating?
- Mitigating means reducing the risk of loss due to the occurrence of an adverse event.
- This is a key component of the insurance business to avoid unnecessary losses.
- Explanation: Mitigating generally means minimizing the extent of loss or damage.
- No reduction/no compensation: There is no obligation to seek another job or to mitigate damages if the employment relationship is terminated.
- Emergency relief funds are made available to reduce the impact of disasters.
- Reduce penalties.
- Factors that reduce the seriousness or guilt of a criminal act.
- This includes, but is not limited to, the defendant's age, extreme mental or emotional disability at the time the crime was committed, intellectual disability, and lack of criminal record.
To learn more about mitigating from the given link :
https://brainly.com/question/24058385
#SPJ4
