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Terms in this set (132)
A ____ is a cause of loss peril
A situation, behavior, or exposure
condition that may lead to
adverse financial
consequences
A cyberattack is an peril
example of a ____
, An Insured who shows no morale hazard
regard for his insured
property demonstrates a
A spill on a supermarket hazard
aisle is an example of a ____
because it increases the
likelihood that someone
will fall
A passenger enters an incident
elevator. His clothing is
caught in the elevator
door as the door closes.
The passenger snatches
the clothing from the door
before the elevator begins
to move. He is uninjured
and his clothes are not
damaged.
A mixing paddle on a accident
faulty bakery mixer snaps
and strikes an employee's
hand. The employee's
hand is cut and bleeding
A driver is at fault in a claim
minor auto accident. The
other driver is uninjured,
but the bumper on her car
requires repairs. The other
driver demands that the
at-fault driver's insurance
company pay for the loss.
The total dollar amount of severity
all losses for a given
period of time