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

• Authority Enterprise Risk Management has the option to monitor all incidents, claims, issues or complaints where the Authority could be held liable for injury or damages.

• 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.

• The Company will track all customer claims, issues, and complaints and their status on a Claims Log available for review, as needed, by Authority Enterprise Risk Management.

• Insurance is to be placed with insurers acceptable to the City’s Risk Manager.

• All insurance policies required above shall be issued by companies authorized to do business under the laws of the State of Florida, with the following qualifications: The company must be rated no less than "A-" as to management, and no less than "Class VII" as to financial strength, by Best’s Insurance Guide, published by A.M. Best Company, Oldwick, New Jersey, or its equivalent, subject to the approval of the County Risk Management Division.

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 the probability that injury or damage will occur;

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

Risk means potential for an adverse outcome.

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

Risk means the likelihood and the impact of an event occurring, with regard to the entry, exit, transit, movement or end-use of goods moved between the customs territory of the Union and countries or territories outside that territory and to the presence within the customs territory of the Union of non-Union goods, which would: