Possible losses due to negligence resulting in bodily harm or property damage to others are called ____________ risks.

Question

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Liability risks refer to the potential losses that one may face due to negligence resulting in bodily harm or property damage to others. Speculative risks involve the possibility of gain or loss, property risks involve the loss or damage to one's property, personal risks are related to individuals such as their health, life or income, and commercial risks relate to businesses and their operations.

Possible Losses Due to Negligence Resulting in Bodily Harm or Property