What term refers to an unexpected event or circumstance that causes injury or damage?

• A. Peril
• B. Occurrence
• C. Personal Injury
• D. Damage Assessment

Answer: (B)

The term that best describes an unexpected event or circumstance that causes injury or damage is "Peril." In the context of insurance and risk management, peril refers specifically to the cause of loss that is identified in an insurance policy. Events such as fire, theft, or natural disasters are all considered perils because they can lead to financial loss or bodily injury.

While "Occurrence" could also seem relevant, it typically encompasses a broader range of events that may include multiple perils or incidents occurring over a period of time. "Personal Injury" refers specifically to harm done to an individual's physical body, reputation, or emotional well-being, which does not encompass the broader aspects of property damage or other unexpected events. "Damage Assessment" is the process of evaluating the extent of loss or damage after an event has occurred but does not define the unexpected event itself.

Therefore, understanding that "Peril" identifies the specific causes of losses helps clarify the focus on unexpected events that can lead to injury or damage, establishing it as the correct term in this context.