Property Risk:

		deals with lawsuits
		is an example of a pure risk
		is an example of a speculative risk
		only relates to buildings
		is an example of an indirect risk

All of the following are perils except:

		incorrect instructions on the label of a pesticide
		theft
		embezzlement
		forgery
		heart attack

The Legal Definition of insurance:

		originally comes from tort law
		is that insurance is a contract in which one party agrees to compensate another party for losses covered by the contract
		is that insurance is a financial agreement that transfers the risk of insured losses to a risk pool by an insurer
		differs from state to state
		is a contract that pools risk to form insurance risk pools