Insurance Flashcards
1
Q
Risk
A
Chance of loss or injury
2
Q
Peril
A
Anything that may possible cause a loss
3
Q
Hazard
A
Anything that increases the likelihood of loss through peril
4
Q
Negligence
A
Failure to take ordinary or reasonable care to prevent accidents from happening
5
Q
Insurance
A
Protection against possible financial loss
