Kate was responsible for hiring a fireworks company to put on a show at the end of the local college team's homecoming game. When a student was hurt from a falling firework, his parents sued. Kate then discovered that the fireworks' company's Insurance coverage had lapsed. What type of risk led to this complication?___________ risk hampered Kate's decision

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jatiles jatiles

23-02-2022
Business

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Kate was responsible for hiring a fireworks company to put on a show at the end of the local college team's homecoming game. When a student was hurt from a falling firework, his parents sued. Kate then discovered that the fireworks' company's Insurance coverage had lapsed. What type of risk led to this complication?___________ risk hampered Kate's decision

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Tundexi Tundexi · Answer 1 · 2022-02-28T13:58:42+01:00

In insurance, the situation is covered under the Fire and Peril insurance, thus, the type of risk that led to the complication described is known as peril risk.

What is a peril?

In insurance, a peril refers to a likely event that can cause damage to home, properties, belongings etc

The peril risk are specifically covered under the Fire and Peril insurance.

In conclusion, the situation is covered under the Fire and Peril insurance, thus, the type of risk that led to the complication described is known as peril risk.