What It Is:Risks based on tangible, measurable attributes of an insured item or property. Further Explanation:Physical hazards are determinable factors that...
What It Is:The primary reason setting off a series of events leading to an outcome. The Story:A cigarette butt started a fire in the woods, becoming the...
What It Is:Insurers forgo their right to seek damages from negligent third parties. The Story:Jane’s company had a fire due to a faulty device, but her...
