Insurance for Business

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Across
  1. 3. program in which funds paid by employers are accumulated and used as the payment for workers during periods of unemployment beyond the workers’ control
  2. 9. loss of health insurance due solely to being temporarily unemployed
  3. 12. when a business cannot prevent or transfer a certain type of risk and retains or assumes the financial consequences of a loss
  4. 13. provides financial protection for a vehicles and drivers; includes bodily injury liability,property damage liability, collision and comprehensive
  5. 15. probability, amount or type of possible loss incurred and covered by an insurer
  6. 19. process by which you consider all possible risks and determine which are the most significant for a particular business
  7. 20. anything which increases the likelihood of loss through some peril
  8. 21. steps taken to prevent a risk from occurring
  9. 22. form of protection which eases the financial burden people may experience as a result of illness or injury; includes group health insurance, COBRA Consolidated Omnibus Budget Reconciliation Act; allows individuals to keep a former employer’s group coverage for a set period of time and protects against
  10. 23. Risk risk in which there is only a chance of loss and no chance of gain
Down
  1. 1. insurance package which combines coverage for may risks; similar to a homeowner’s policy for a business
  2. 2. anything which may cause possible loss
  3. 4. protects against damages for which the insured may be held legally responsible; includes fidelity bonds, performance bonds and credit insurance
  4. 5. refusal to engage in a particularly hazardous activity
  5. 6. protects leadership of a business from claims filed against them for actionsmtaken while leading the organization
  6. 7. amount or type of protection provided by an insurance policy for the business a policy covers
  7. 8. failure to take ordinary or reasonable care to prevent accidents from happening
  8. 10. covers loss of or damage to buildings, equipment, machinery, merchandise, furniture and fixtures; includes replacement cost coverage, automatic increase protection and business interruption insurance
  9. 11. wide variety of insurance coverage which can reduce, mitigate or compensate for exposure to risk for the business or its employees
  10. 14. risk which carries a chance of either loss or gain
  11. 16. financial protection which continues to pay a portion of a worker’s pay when he or she has sustained a work-related injury and can no longer work; includes workers’ compensation and Social Security
  12. 17. insurance coverage for special aspects only associated with particular business types; examples include web insurance and malpractice insurance
  13. 18. transfer of risk to another individual or entity, typically an insurance company