Speculative risk cannot be insured.

Name: Speculative risk cannot be insured.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Speculative risk is the risk of loss or gain that is associated with an investment or speculative venture. As the outcome of speculative risks is uncertain, they cannot be insured. Insurance is designed to cover only pure risks or risks that involve the potential for loss but not gain.

Speculative Risk Cannot Be Insured