Posted on July 20, 2013July 20, 2013
An attitude that increases the probability of loss from a peril. The attitude of, “It’s Insured, so why worry?” is an example of a moral hazard.
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Benefits offered to an employee, by his employer, covering such contingencies as medical expenses, disability, retirement, and death, which are usually paid for wholly or in part by the employer. These benefits are usually insured.