Accidental Death & Dismemberment (AD&D)
A key goal of risk management is protecting against the unthinkable and catastrophic. What if a concert series is planned and the primary act's main singer dies in a car accident? What happens if a football team loses a key athlete while he is training?
Both examples illustrate a huge potential for financial loss. Such a loss might preclude a business from delivering on its promises and fulfilling its agreements.