Risk Management Vocabulary

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Across
  1. 4. this risk you can reduce or eliminate by your actions
  2. 8. this risk can lead to loss of personal or business property
  3. 10. illegal uses of intellectual property, patents, trademarks, and copyrights
  4. 11. the person or company buying the policy
  5. 13. a policy stating the conditions which the insurance company and the policy holder have agreed
  6. 14. the possibility of incurring a loss
Down
  1. 1. a company tha agrees to take on certain economic risks and to pay for losses if they occur
  2. 2. a policyholders request for payment for a loss that the insurance policy covers
  3. 3. this risk that can result in personal loss
  4. 5. this risk can result in financial loss
  5. 6. the amount a policyholder must pay for coverage
  6. 7. a form of risk protection that helps reduce large financial loss
  7. 8. this risk presents the chance for loss but no chance for gain
  8. 9. the person or business for which the insurer assumes the risk
  9. 11. exclusive rights to possess and use property
  10. 12. this risk relates to harm or injury of other people or their property because of your actions