Which responsibility does NOT belong to risk managers?

Risk managers play a critical role in identifying, evaluating, and mitigating risks within an organization. Their responsibilities typically include assessing potential risks and their severity, suggesting the types of insurance coverage that best suit the organization’s needs, and recommending coverage limits to ensure adequate protection against identified risks.

Implementing insurance policies, however, is generally not a responsibility of risk managers themselves. This task is typically handled by insurance professionals or brokers who finalize the procurement and administrative aspects of insurance contracts. Risk managers focus more on analyzing risk exposure and determining what kind of insurance might be necessary rather than executing the actual implementation of the policies.

This distinction highlights the proactive, strategic role of risk managers in the risk management process, guiding organizations on what insurance protections are necessary, while leaving the administrative and transactional aspects of securing those protections to other professionals.