Definition: risk that can be transferred to an insurer such as the risk of fire, vandalism, etc
Pronunciation: \ˈsta-tik\ \ˈrisk\
Used in a Sentence: Because a fire is considered a static risk, the insurance would cover any losses.
Definition: risk that can be transferred to an insurer such as the risk of fire, vandalism, etc
Pronunciation: \ˈsta-tik\ \ˈrisk\
Used in a Sentence: Because a fire is considered a static risk, the insurance would cover any losses.