The differences between the insurable and uninsurable risks
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A risk is uninsurable when an insurance company cannot calculate the probability of the risk and therefore cannot work out a premium that the business must pay. For example, you cannot take out insurance against possible failure of your business.
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ent While certain risks are insurable, certain risks are non-insurable. Simply stated, insurable risks are risks in which the insurance provider can calculate potential future losses or claims. ... Non-insurable risks are risks which insurance companies cannot insure because the potential losses or claims cannot be calculated.
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