You are currently on a 3-week vocation in Australia. You’ve decided to rent a car as your means of transport around the country. Driving in a foreign country can be potentially a risky activity as you are unfamiliar with the terrain. Hence, the probability of being involved in an accident is higher. You are very concerned with regards to the financial liability incurred if you were involved in an accident.
As a project manager, you are aware of various techniques used to respond to understand risks. You would like to apply your risk management knowledge to reduce the risks associated with your driving. Which of the following is the BEST example of risk transference?
A. Be extra careful while driving defensively
B. Avoid driving, use public transportation instead
C. Accept the risk associated with driving
D. Buying auto insurance
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