Insurance
The Insurance Industry sees two types of risk:
- Business Risk, i.e. for profit or loss, generally not insurable
- Pure Risk, i.e. insurable risk
- Direct Property Damage
- e.g. vehicle Accident, theft, fire, water damage, etc
- Indirect Consequential (3rd Party) Losses
- Legal liability
- Professional Errors & Omissions, resulting remedial costs or failed project performance
- Accidental personal damage, & resulting replacement & business losses