event risk

Event risk is the possiblity of loss associated with fortuitous occurrences such as fires, hurricanes, or tortious conduct.

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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