Category: because the potential losses associated with these risks can be promptly compensated
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despite the fact that many insurable risks cannot be considered particularly acute
it will need to take into consideration the following: Insurable risk cannot be the result of deliberate action. This means that insurance companies do not cover damages intentionally caused by the insured party. The potential risk-related losses must be measurable and insurance costs must be economically justified. One type of risk should be statistically predictable.…