| A | B |
|---|
| risk | The posibility of financial gain or loss or personal injury. |
| risk management | risk management |
| liable | means being legally responsible for damages and possibly medical costs and other losses suffered by the injured person. |
| risk transfer | risk can be transferred to another company or tranfered through buying insurance. |
| risk retention | assuming the cost of the risk or retaining the risk. |
| controllable risk | If a loss can be prevented or the likelihood of its occurence reduced. |
| insurable risk | If a the chances of a loss are predictable and iinsurance can be purchased for it |
| risk assessment | A step by step process by which knowledgeable safety and security staff identify and prepare to manage risk. |
