| term | description |
| INSURABLE RISK | Risks for which it is relatively easy to get insurance and that meet certain criteria. These include being definable, accidental in nature, and part of a group of similar risks large enough to make losses predictable. The insurance company also must be able to come up with a reasonable price for the insurance. |
| UNINSURABLE RISK | Risks for which it is difficult for someone to get insurance. (See Insurable risk ) |