1. Home
  2. Discussions
  3. CIMA
  4. CIMA Strategic
  5. P3 Discussions
  6. P3 Exam Topic 3 Question 29 Discussion

CIMA Risk Management P3 Question # 29 Topic 3 Discussion

 CIMA Discussions      Browse All Questions      Go to Exam Detail      Get Premium Access
 Previous
Next  

CIMA Risk Management P3 Question # 29 Topic 3 Discussion

P3 Exam Topic 3 Question 29 Discussion:
Question #: 29
Topic #: 3

GHJ is a manufacturing company that insures against the financial costs associated with industrial injuries involving staff. The Health and Safety Office is part of GHJ's Operations Department. GHJ's insurers will automatically increase the insurance premium by 10% in the event of a claim against the policy.

Which TWO of the following are correct?
A.

The risk of an increase in the cost of injury insurance cover should be made the responsibility of the company's finance function

B.

The automatic increase in the insurance premium is part of the financial risk associated with industrial injuries.

C.

Linking the risks associated with industrial injuries will overcomplicate the management of those risks.

D.

The risk that a serious accident could impair the morale of uninjured staff is related to the financial risk associated with accidents.

E.

The insurance cover means that management need only be concerned with the possibility of a 10% increase in the premium m the event of a serious accident.

Get Premium P3 Questions
Actual exam question for CIMA P3 exam by Eris9562 at Aug 3, 2025, 12:00:00 AM

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.

Submit
 Previous
Next