Risks that cannot be Insured

The following risks cannot be insured;

1. The risk associated with gambling.

2. Loss resulting from changes in fashion i.e. when goods become obsoleteno longer produced or used; out of date. More.

3. Loss of profit through bad management.

4. Loss of profit through competition from other firms producing similar products.

5. A risk that is too widespread, for example, where there is a war in the country.