insurable risk
noun[CorU]
INSURANCEukusasituationthat aninsurancecompanywillprotectyou against because it ispossibletocalculatehowlikelyit is tohappen, how muchdamageit willcause, etc.:
Privateinsurancecompanieswantto make aprofit, so there are onlycertainrisks—known as insurable risks—they willcover.