What defines an insurable risk?
Definition: A risk that conforms to the norms and specifications of the insurance policy in such a way that the criterion for insurance is fulfilled is called insurable risk.
What is an example of insurable risk?
Those risks which can be covered up by some type of insurance policy are called insurable risk. Those risks which cannot be covered up by some type of insurance policy are called non-insurable risk. Business Risks. Business risks are not insurable risks. Business risks are non insurable risks.
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[PDF] INSURABLE RISKS IN BUSINESS - Springer Link
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[PDF] an insurable risk? - Flood Manager E-learning
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