Which of the following is considered a non-insurable risk faced by entrepreneurs?

Industrial relations disputes are classified as non-insurable risks faced by entrepreneurs because they often stem from complex human interactions and agreements, which are typically not covered by insurance policies. This type of risk involves potential conflicts or difficulties between management and employees or labor unions, leading to issues like strikes or work stoppages. Unlike other risks, such as theft or fire damage—both of which have insurance products specifically designed to cover financial loss—industrial relations disputes are influenced by factors like workplace culture, negotiation outcomes, and employee satisfaction, making them inherently unpredictable and challenging to quantify for insurance purposes. Thus, they represent a risk that entrepreneurs must manage through strategic human resource practices rather than through insurance.