Justin Mark is planning to use his $900,000 to purchase a brand new car and 100 shares from Leapord Group. He wishes to purchase policies to cover the risk. During the accident, another person driving the car also suffered major injuries. From the investigation, they came to know that Mr. Mark was responsible for the accident and he has to bear the loss happened to the other person. This type of risk is called as?
1) Pure Risk
2) Liability Risk
3) Personal Risk
4) Speculative Risk