5.02 Vocab

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Across
  1. 4. risk those that can be reduced or eliminated by actions you take
  2. 5. the possiblity of incurring a loss
  3. 6. a policyholder's request for payment for a loss that is covered by the insurance policy
  4. 7. Risk those that can result in financial loss
  5. 9. the amount the policyholder must pay for insurance coverage
  6. 10. risk presents the chance of loss but no opportunity for gain
  7. 11. Policy states the conditions to which the insurance company and the policyholder have agreed
  8. 12. the person or business for which the risk is assumed
Down
  1. 1. illegal uses of intellectual property, patents,trademarks, and copyrights.
  2. 2. ther person or company purchasing the policy
  3. 3. risks can lead to a loss of personal or business items such as money, vehicles, and buildings
  4. 8. risks related to harm or injury to other people or their property because of your actions
  5. 10. Risks can result in losses, such as health and personal well being