Chapter 17 - Risk management, insurance, and crime prevention. After studying the material in this chapter, you should be able to: Define risk and explain some ways of coping with it, explain what insurance is and show how it can be used to minimize loss due to risk, discuss some guides to be used in choosing an insurer, show how crime prevention can reduce risk and protect people and assets, discuss some techniques for safeguarding against theft, describe how to safeguard employees with preventive measures.