The five risks that cannot be insured are pandemic risk, political risk, trade secret risk, regulatory risk and reputational risk.
These are considered uninsurable risks which are risks that insurance companies cannot insure or can be reluctant to insure no matter the amount of money you pay.
Some of the most common non-insurable risks include natural disasters, pandemics, and acts of terrorism.
While business Insurance can help protect businesses from many types of risks, it is important to be aware of the risks that are not covered.
Speculative risks are almost never insured by insurance companies, unlike pure risks.
Insurance companies require policyholders to submit proof of loss (often via bills) before they will agree to pay for damages.
Losses that occur more frequently or have a higher required benefit normally have a higher premium.
Insurance exclusions are policy provisions that waive coverage for certain types of risks or events.
Policy exclusions create a balance between coverage for fortuitous losses (losses you couldn't have reasonably prepared for) and the need to remain solvent in order to pay those claims.
Common examples of non insurable risks include.
Residential overland water.
Earthquake.
Nuclear hazard.
Terrorist acts.
War.
Acts of a foreign enemy.