Many state participants operate revenue-generating facilities. Stadiums, gymnasiums, prisons, the Toston Dam and fairgrounds are examples. If these facilities are destroyed or damaged, there may be a loss of income. Worker's Compensation Claims. These claims are the result of accidents at work which cause employee injury.
Risk is an act, activity, or asset of the state which presents a potential for loss.
A factor, element, or course of action involving certain hazards. The danger or probability of loss. The amount that the state stands to lose. Risk Treatment Examining alternatives to eliminate or reduce risk. If risk cannot be avoided, it can often be transferred to others by purchasing insurance or through contractual agreements.