Fire,theft,illness,and accidents are all examples of
A)exposures
B)perils
C)hazards
D)losses

Question

Quizplus · Accepted Answer

Fire, theft, illness, and accidents are all perils. Perils are defined as events that cause damage or loss to property or life. Hazards refer to conditions that increase the likelihood of a peril occurring. Exposures refer to the property, persons, or liabilities that are subject to the perils or hazards. Losses refer to the actual damage or financial cost resulting from a peril.

Fire,theft,illness,and Accidents Are All Examples of