Loss caused by Fire is an accidental loss. Hence, the same is a risk of trade. Other examples of risks of trade are riot and strike, explosion, flood, burglary, air-crash, machinery breakdown, shipwreck etc. Risk of trade is synonymous to pure risk.
The Rantings of the barely human.
Loss caused by Fire is an accidental loss. Hence, the same is a risk of trade. Other examples of risks of trade are riot and strike, explosion, flood, burglary, air-crash, machinery breakdown, shipwreck etc. Risk of trade is synonymous to pure risk.