Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… … Wikipedia
Risk Management Information Systems — (RMIS) are typically computerized systems that assist in consolidating property values, claims, policy, and exposure information and provide the tracking and management reporting capabilities to enable you to monitor and control your overall cost … Wikipedia
risk — n 1 a: possibility of loss or injury b: liability for loss or injury if it occurs the risk of loss passes to the buyer when the goods are duly delivered to the carrier Uniform Commercial Code the risk of personal injury and property damage should … Law dictionary
liability for animals — the special area of law dealing with civil liability of people for the behaviour of animals. In England, prior to the Animals Act 1971, the owner was liable for an animal of a dangerous species – ferae naturae – or for one that was not of such a… … Law dictionary
Risk-aware consensual kink — (RACK, also Risk Accepted Consensual Kink) is an acronym used by some of the BDSM community to describe themselves and their philosophies. It specifies that any activity between fully informed consenting adults is acceptable. Philosophy RACK s… … Wikipedia
risk–utility test — risk–util·i·ty test n: a test used in product liability cases to determine whether a manufacturer is liable for injury to a consumer because the risk of danger created by the product s design outweighs the benefits of the design Merriam Webster’s … Law dictionary
risk — [n] chance taken accident, contingency, danger, exposedness, exposure, flyer*, fortuity, fortune, gamble, hazard, header, jeopardy, liability, liableness, luck, openness, opportunity, peril, plunge, possibility, prospect, shot in the dark*,… … New thesaurus
risk — n hazard, *danger, peril, jeopardy Analogous words: *chance, fortune, luck, accident: exposedness or exposure, liableness or liability, openness (see corresponding adjectives at LIABLE) Contrasted words: safety, security (see corresponding… … New Dictionary of Synonyms
Risk management — For non business risks, see risk, and the disambiguation page risk analysis Example of risk management: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, assessment,… … Wikipedia
liability — I (New American Roget s College Thesaurus) Responsibility Nouns 1. liability, liableness, responsibility, possibility, probability, contingency, susceptibility; duty; liabilities, debts (see debt); drawback (see hindrance). See tendency. 2.… … English dictionary for students
Liability for Defective Products Act 1991 — The Liability for Defective Products Act 1991 is an Act of the Oireachtas that augmented Irish law on product liability formerly based solely on negligence. It introduced a strict liability regime for defective products, implementing Council of… … Wikipedia
