Ch 20 Intro to Business

4. Individual or business covered in an insurance policy
7. A request for payment for a loss based on the terms of the policy
9. A contract that details the terms and conditions of insurance coverage
13. A category of business insurance in which a company provides its employees insurance coverage as part of a benefits package
14. A type of insurance that protects a business or individual from the risk of being held legally liable for the injuries of others
15. Provides funds to pay for health care in the event of illness and may also pay for the cost of preventive care
16. A policy that covers at‐home, assisted living, and nursing home care

1. Income insurance that provides funds to replace income lost while an individual is ill or injured and unable to work
2. Insurance company issuing a policy
3. Covers losses due to an accident involving vehicles
5. Protects against the loss of income that would result if the insured person dies
6. Protects commercial assets, such as property and vehicles, from any number of risks including natural disasters and fire damage
8. With regard to insurance, means to return you to the condition you were before the loss
10. Pays for damage or loss to the insured’s property and often includes liability coverage for actions of the insured that cause harm to other people or their property
11. An amount paid each year for insurance coverage
12. A comprehensive evaluation of business processes to identify anything that could potentially cause damage to assets