For high frequency and low impact risks, the common strategy is to:

In the context of risk management, high frequency and low impact risks are those that occur often but tend to have a minimal effect when they do. This unique combination makes them particularly suitable for management strategies rather than insurance or other options.

The strategy of managing these risks emphasizes implementing controls or procedures to mitigate their effects, rather than transferring the risk to an insurer or ignoring it altogether. Management can include practices such as training, regular maintenance, and developing contingency plans to address the frequent, minor incidents. This allows organizations to maintain control over the risk and ensure that they are prepared to handle these common occurrences effectively.

In contrast, insuring such risks would often be inefficient and expensive, due to the high frequency of incidents that would require filing claims. Transferring risks typically applies to those that are either low frequency and high impact (for which insurance is more beneficial) or high impact risks that the organization does not wish to manage internally. Ignoring the risks is not advisable, as even low impact events can accumulate over time, leading to more significant issues if not addressed. Therefore, managing is the most appropriate response to high frequency and low impact risks.