H

HARM – loss of an insured expressed in monetary form resulting from realization of insurance risk. Causes of harm can come out from natural disasters, court costs and arbitral dues, bad debts write off, spoilage and shortage of commodity and material valuables and finished products and other causes. Loss claims declared by an insured are accepted by an insurer, if they resulted from insurance event. See Liquidation of loss.

harm caused to object of insurance resulting from insurance event subject to indemnity by the insurer;