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What (who) is builder's risk insurance - definition
Builder's risk insurance
INSURANCE
Construction insurance
Builder's risk insurance (Contractor's All Risk insurance - CAR insurance) is a special type of property insurance which indemnifies against damage to buildings while they are under construction.The Architects Handbook of Professional Practice, Twelfth Edition, American Institute of Architects Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.
Climate risk insurance
INSURANCE TO MITIGATE THE RISKS FROM CLIMATE CHANGE
Climate Risk Insurance; Climate insurance
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
Systematic risk
VULNERABILITY TO SIGNIFICANT EVENTS WHICH AFFECT AGGREGATE OUTCOMES SUCH AS BROAD MARKET RETURNS, TOTAL ECONOMY-WIDE RESOURCE HOLDINGS, OR AGGREGATE INCOME
Aggregate risk; Unsystematic risk
In finance and economics, systematic risk (in economics often called aggregate risk or undiversifiable risk) is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy-wide resource holdings, or aggregate income. In many contexts, events like earthquakes, epidemics and major weather catastrophes pose aggregate risks that affect not only the distribution but also the total amount of resources.
