2 Insurable Loss Exposures Not all potential losses are a good subject for nsurance I. Ideal insurable loss exposure 1. a large group of similar items exposed to the same peril 2. Accidental losses 3. Definite losses capable of causing economic hardship. 4. Extremely low probability of a catastrophic loss to the insurance pool2. Insurable Loss Exposures Not all potential losses are a good subject for insurance I. Ideal insurable loss exposure 1. A large group of similar items exposed to the same peril. 2. Accidental losses. 3. Definite losses capable of causing economic hardship. 4. Extremely low probability of a catastrophic loss to the insurance pool