Answer:
Loss Frequency is the correct answer of this question.
Explanation:
Calculating the probability of an event combined with the frequency of the attack to calculate the estimated number of losses within a given time period is called the loss frequency.
- Occurrence of losses is how often there will be losses. The incidence of losses is used to assess the probability of similar future losses.
- If the risk of property damage or ability to perform is unlikely to occur or evolve in the future, you would have low frequency of losses.
For Example:- Loss level for exposure to groundwater if your company is in a wetland is probably high.
