Attachment of Risk Law and Legal Definition
Attachment of risk is the commencement of liability under a contract of insurance to answer for any loss or damage that may result from a risk insured against. The loss or damage should be during the term of the insurance in an amount not exceeding the amount stipulated in the contract.
Attachment of risk is also a stage in a transaction (usually the point of delivery) where the buyer acquires the risk of loss of the purchased item.
