5.02 Vocabulary

5. An exchange of potential future losses for a smaller payment.
7. A type of risk that is a threat of a loss without an opportunity for gain.
9. Covers cost of extended and specialized care out of the hospital such as medicine and special nursing care.
11. Classified as medical insurance.Covers for most or all of the charges during a stay in the hospital.
13. A type of risk that cannot be controlled or reduced by actions.
14. A type of risk that offers the chance to experience gain or loss.
15. Loss of personal or business property including money, buildings, and vehicles.
17. A type of risk that occurs when conditions can be controlled to lessen the chance of harm.

1. A type of personnel insurance that pays the amount of the insurance policy upon the death of the insured.
2. Harm or injury to other people on their property because of your actions
3. Covers fees for nonsurgical care given in the doctor's office, the patient's home, or a hospital.
4. A type of risk that may result in the embarrassment or inconvenience without financial impact.
6. Covers all or part of the surgeon's fees for an operation.
8. 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.
10. The systematic process of managing risk to achieve set objectives.
12. Result in personal losses
16. The possibility of incurring a loss.