Cost of the risk would _________ with the probability and amount of loss

A. Increase

B. Decrease

C. Vary

D. None of the above

Answer: Option A

Solution(By Examveda Team)

Cost of the risk would increase with the probability and amount of loss. Hazard is a condition that increases the chances of a loss arising from a peril. For example, an accident may be the cause of a permanent and total disability.