Risk Management

3. A policyholder's request for payment for a loss that insurance policy covers
6. The person or company buying the policy
7. A risk that can result in financial loss
8. A risk that relates to harm or injury to other people or property
12. The exclusive to possess property and profits
14. A company that agrees to take on certain economic risks and pay for losses
15. a risk you can reduce by actions you take

1. A risk that can lead to loss of personal or business property
2. The possibility of incurring loss
3. Illegal use of intellectual property, patents, trademarks, and copyrights
4. A risk that presents the chance of loss but no opportunity for gain
5. The amount a policyholder must pay for insurance coverage
9. a form of risk protection that exchanges the uncertainty of a possible large loss for small payment
10. The person or business for which the insurer assumes the risk
11. A policy stating the conditions to which the insurance company and the policy holder agrees
13. A risk that can result in personal losses such as personal well-being