5.02 Vocabulary

7. An exchange of potential future losses for a smaller payment.
8. Harm or injury to other people on their property because of your actions
11. The possibility of incurring a loss.
12. Covers fees for nonsurgical care given in the doctor's office, the patient's home, or a hospital.
15. A type of personnel insurance that provides payments to employees who are unable to work for an extended period due to serious illness or injury.
16. A type of risk that cannot be controlled or reduced by actions.
17. A type of risk that offers the chance to experience gain or loss.

1. Loss of personal or business property including money, buildings, and vehicles.
2. Result in personal losses
3. Classified as medical insurance.Covers for most or all of the charges during a stay in the hospital.
4. Covers all or part of the surgeon's fees for an operation.
5. A type of risk that may result in the embarrassment or inconvenience without financial impact.
6. The systematic process of managing risk to achieve set objectives.
9. Covers cost of extended and specialized care out of the hospital such as medicine and special nursing care.
10. A type of personnel insurance that pays the amount of the insurance policy upon the death of the insured.
13. A type of risk that occurs when conditions can be controlled to lessen the chance of harm.
14. A type of risk that is a threat of a loss without an opportunity for gain.