such as coverage for criminal fines and penalties since the law forbids such coverage. However, there isn't really a conclusive comprehensive list of all the uninsurable risks out there. Part of the job of corporate risk managers is to identify their organizational...
can get compensation from the insurance company are called Insurable Risks. Generally, the natural and physical risks are insurable risks, e.g., businessmen can take a fire insurance policy to get protection from flood, earthquake or from the damage of assets such as the bursting of boiler ...
As well as speculative risks, outcomes are either profit or loss. Pure risk is important in business as it can be insured against in most cases. This means that a business can minimize the amount of loss that it takes on. Pure Risk FAQs Why Is Pure Risk Insurable? How Do You ...