Who is responsible for managing a self-insurance program within a business?

In the context of a self-insurance program, the business itself is responsible for managing the program. Self-insurance is a risk management strategy where a business sets aside funds to cover potential losses rather than purchasing insurance from an external insurer. This entails the business taking on the financial risks associated with its operations.

The management of a self-insurance program includes assessing the risks that the business faces, determining the amount to reserve for potential claims, and managing the claims process when incidents occur. This approach allows the business to have greater control over its risk management strategy and potentially save money on insurance premiums.

While a risk manager within the business may play a significant role in overseeing the self-insurance process, ultimately, it is the business itself that is accountable for the management of the program. Therefore, the correct answer highlights the comprehensive role of the business in dealing with its own insurance needs through a self-insurance program.