Insurance 2

2. Risks that directly affect an individual or family.
3. Risk that can financially cripple or bankrupt the firm if a loss occurs.
8. Risk related to the firm’s business operations
12. Risk related to the lawsuits for bodily injury and property damage
14. Risk management that combines into a single unified treatment program all major risks faced by the firm
15. Techniques that reduce the frequency or severity of losses. Risk _ _ _ _ _ _ _.
16. Techniques that provide for the funding of losses risk namel Risk _ _ _ _ _ _ _ _ _.
17. reduce the severity of a loss after it occurs. Loss _ _ _ _ _ _ _ _ _.
18. Cause of Loss

1. technique refers to having back-ups or copies of important documents or property
2. reduces the probability of loss so that frequency of losses is reduced Loss - - - - - - - - - -
4. A situation in which either profit or loss is possible.
5. Risk that refers to uncertainty regarding the firm’s financial goals and objectives
6. Physically or technologically separating items.
7. Risk of collapse of an entire system
9. risk where there is no opportunity for profit or positive outcome
10. risk related to of adverse changes in commodity prices, interest rates, foreign exchange rates, and the value of money.
11. Condition that creates or increases the frequency or severity of loss
13. risk control techniques of avoiding the risk
18. Insurance company concentrate on this type of risk