Risk definition

Risk means the combination of the probability of occurrence of harm and the severity of that harm;

Risk means a function of the probability of an adverse health effect and the severity of that effect, consequential to a hazard;

Risk means the potential that a given threat will exploit vulnerabilities of a vehicle and thereby cause harm to the organization or to an individual.

Examples of Risk in a sentence

• If the insurance carrier does not have an A.M. Best Rating of A-/VIII, the CEO/Office of Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.

• Insurance is to be placed with insurers acceptable to CITY's Risk Manager.

• Before performing any services, the Consultant must submit to the City’s designated risk manager ("Risk Manager"), for the Risk Manager’s written approval, all documents demonstrating compliance with the requirements of Exhibit C.

• The Risk Manager may amend or waive, in writing, any of the requirements contained in Exhibit C.

• If the insurance carrier does not have an A.M. Best Rating of A-/VIII, CEO/ Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.

More Definitions of Risk

Risk means a combination of the probability and the degree of an injury or damage to health that can arise in a hazardous situation;

Risk means anything that could negatively impact the District’s ability to meet its goals and objectives. The term includes strategic, financial, regulatory, reputational, and operational risks.

Risk means the probability that injury or damage will occur;

Risk means potential for an adverse outcome.

Risk means the likelihood of a specific effect occurring within a specified period or in specified circumstances;

Risk means the probable rate of occurrence of a hazard causing harm and the degree of severity of the harm;

Risk means the combination of the overall probability, or frequency of occurrence of a harmful effect induced by a hazard and the severity of that effect;