Which concept relates to the risk of loss that does not depend on the insured's negligence?

The concept that relates to the risk of loss that does not depend on the insured's negligence is strict liability. This legal doctrine holds an individual or entity responsible for their actions or products without the need to prove negligence or fault. In cases of strict liability, the focus is on the nature of the act or the condition of the product, rather than the intent or negligence of the party involved.

For instance, in product liability cases, a manufacturer can be held strictly liable if a product it sold is found to be defective, even if the manufacturer exercised all possible care in the manufacturing process. This concept is crucial in ensuring that victims can seek compensation without having to establish that the defendant was negligent, thus shifting the focus toward ensuring accountability for potentially harmful actions or products regardless of the intent or care taken by the party responsible.