Risk assessment
Risk avoidance
Risk transfer
Loss
Risk assumption
Probability
Risk reduction
Risk
Premium
Self insure
The likelihood of a risk resulting in a loss.
Stopping behavior that leads to a risk
A physical injury, damage to property or disappearance of property or other assets
The chance of injury, damage or economic loss.
Setting aside money to be used in the event of an injury or loss of assets
Passing risk to another party
Finding ways to lower your chance of incurring loss
The process of identifying risks and deciding how serious they are
The price you pay for your insurance coverage
Accepting the consequences of a risk
