event risk
Event risk is the possiblity of loss associated with fortuitous occurrences such as fires, hurricanes, or tortious conduct.
Additional Information
Event risk, which is synonymous with pure risk, hazard risk, or insurance risk, presents no chance of gain, only of loss. The perils covered by traditional property and casualty (P&C) insurance products are within the realm of event risk.
Summary
Synonyms
Hazard Risk
