Principles of Business Ch. 14

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Across
  1. 2. a risk that can lead to loss of personal or business property including money, vehicles, and buildings.
  2. 5. a risk that presents the chance of loss but no opportunity for gain.
  3. 11. the person or business for which the insurer assumes the risk.
  4. 14. coverage of property losses resulting from fire, storms, accidents, theft , and vandalism.
  5. 15. a company that agrees to take on certain economic risks and to pay for losses if they occur.
  6. 16. protection against losses from injury to people or property resulting from the products of a business.
  7. 19. a risk that cannot be reduced by your actions.
  8. 21. a risk that you can reduce or eliminate by actions you take.
  9. 25. a form of risk protection that exchanges the uncertainty of a possible large financial loss for a certain smaller payment.
  10. 27. insurance that pays the amount of the insurance policy upon the death of the insured.
  11. 30. an agent who represents the insurance company and sells insurance policies to individuals and businesses.
  12. 31. illegal uses of intellectual property, patents, trademarks, and copyrights.
  13. 32. health insurance coverage offered to a large number of employees and their family members.
  14. 34. the possibility of incurring a loss.
Down
  1. 1. an insurance plan that provides medical and survivor benefits for people injured, disabled, or killed on the job.
  2. 3. compensation for ongoing business expenses that occur if a business has a temporary shutdown.
  3. 4. coverage of automobiles, trucks, and other business vehicles.
  4. 6. may result in inconvenience or discomfort but do not have a financial impact.
  5. 7. a risk that can result in financial loss, including personal risk, property risk, and liability risk.
  6. 8. technical knowledge or creative work. It includes soft ware, clothing designs, music, books, and movies.
  7. 9. a policy stating the conditions to which the insurance company and the policyholder have agreed.
  8. 10. the person or company buying the policy.
  9. 12. the chance either to gain or to lose.
  10. 13. when a large number of people face a given risk and the cost of the possible losses can be predicted.
  11. 17. protection against the high costs of individual health care.
  12. 18. the exclusive rights to possess and use property and its profits.
  13. 20. when a risk is not common or if it is impossible to predict the amount of loss that could be suffered.
  14. 22. a risk that relates to harm or injury to other people or their property because of your actions.
  15. 23. the amount a policyholder must pay for insurance coverage.
  16. 24. a risk that can result in personal losses such as health and personal well-being.
  17. 26. a distinctive name, symbol, word, picture, or combination of these that a company uses to identify products or services.
  18. 28. the protection of the creative work of authors, composers, and artists.
  19. 29. the exclusive right of an inventor to make, sell, and use a product or process.
  20. 33. a policyholder's request for payment for a loss that the insurance policy covers.