Business Revision

2. The insurance company takes possession of your item once compensation has been paid
4. You can only insure something from which you will gain by its existence and suffer by its loss
10. ensures that the business will always have enough workers to carry out all the jobs
12. You cannot make a profit from insurance
13. This protects the business against claims made by members of the public
14. Completed by the insured person when looking for compensation
16. If you insure with more than one company, each will only pay a percentage of the compensation due
18. placing real power and responsibility in the hands of the workers who work close to the customer
20. Protection against something that will definitely happen
21. This is the minimum type of insurance policy required by law for drivers
22. used to determine whether the candidate and the job complement each other
23. This is the initial training of new employees

1. The application form that is completed when seeking insurance
3. This describes the duties and responsibilities of the job.
4. Protection against something which might or might not happen
5. The process of attracting suitable candidates
6. short term source of finance
7. a process of continuous improvement which aims to prevent defects rather than detect them
8. Most expensive motor insurance policy
9. When completing the Proposal form/Claim form, you must tell the truth
11. medium term source of finance
15. Money received by the insured person as a result of suffering loss/damage
17. long term source of finance
19. The annual fee paid for insurance