insurable risk
Definition
Eventuality for loss or damage that is (1) definable, (2) fortuitous, (3) similar to a large number of known exposures, and (4) pays a premium that is commensurate with the potential loss. See also uninsurable risk.
Mentioned in these definitions
Popular 'Disaster Planning & Risk Management' Terms
insurable risk in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/insurable-risk.html
