1. A system comprising: a program comprising computer-readable instructions operable to manage a virtual world configured to interact with at least two participants over a network; a risk mitigation module operable to facilitate an arrangement that includes a protection entity providing a benefit to a participant of the at least two participants (hereafter referred to as “the participant”) upon an occurrence of a defined loss in the virtual world in exchange for a consideration; and a computer storage medium operable to save a record of the arrangement.