Business

3. presents the chance of loss but no opportunity for gain
4. the exclusive rights to possess and use property and its profits
5. a risk that you can reduce or eliminate by actions you take
7. policy holders request for payment for a loss that the insurance policy covers
11. the person or company buying the policy
12. exchanges the uncertainty of a possible large financial loss for a certain smaller payment
14. refers to as illegal use of intellectual property, patents, trade marks, and copyrights
15. can be thought of as a possibility of incurring a loss
16. loss of personal or business property including money, vehicles, and buildings

1. can result in personal losses like health and personal well being
2. amount the policy holder must pay for insurance coverage
6. states the conditions to which the insurance company and the place holder have agreed
8. a risk that can result in financial loss
9. agrees to take on certain economic risks and pay for losses if they occur
10. relates to harm or injury of other people or their property
13. the person or business for which the insurer assumes the risk