Once an organization’s Sr. management has declared minimizing the adverse effect of accidental losses to be a goal, one logical procedure for achieving this goal is to (i) identify and analyze exposures which may lead to accidental losses; (ii) formulate feasible risk management alternatives for dealing with these exposures; (iii) select the apparently best alternative technique or combination of techniques; (iv) implement the chosen techniques; (v) monitor the results; and if necessary (vi) modify the chosen techniques to adapt to change in loss exposures or to tolerable changes in the level of losses.