Across
- 2. is a contract between an insurance policy holder and an insurer or assure, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium
- 7. the techniques used to minimize and prevent accidental loss to a business.
- 8. a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another.
- 9. Makes up for lost income if a business is shut down for repairs or rebuilding.
- 13. Vehicles, clothing, furniture, jewelry
- 15. planning Businesses must have procedures in place before a crisis occurs.
- 16. Covers the loss of physical property
Down
- 1. Protects manufacturers from claims for injuries that result from using their products.
- 3. a problematically defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance.
- 4. a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue
- 5. Protects businesses from lawsuits resulting from mistakes in advertising.
- 6. Buildings, land, and fixtures
- 10. Bonds form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals
- 11. Assurance of nothing happening by eliminating all possibilities of a risk
- 12. Bonds Protect a business if work is not finished on time or as agreed.
- 14. A form of self-insurance employed by organizations which have determined that the cost of transferring a risk to an insurance company is greater over time than the cost of retaining the risk and pay