Understanding the concept of owner's risk is crucial in the field of finance. It refers to the potential loss or damage that an owner may face while handling their own assets. This risk can be further classified into different variations such as owner's risk of breakage (ORB), owner's risk of fire (ORF), and owner's risk of loss (ORL) or leakage. Each of these variations carries its own unique implications and consequences for the owner. It is important for individuals and businesses to carefully assess and manage these risks to safeguard their assets and financial stability.