Across
- 5. A policyholder’s request for payment for a loss that is covered by the insurance policy.
- 7. The exclusive rights to possess and use property and its profits.
- 9. States the conditions to which the insurance company and the policyholder have agreed.
- 11. The person or business for which the risk is assumed.
- 12. Can lead to a loss of personal or business items such as money, vehicles, and buildings.
- 13. The amount the policyholder must pay for insurance coverage.
- 14. The person or company purchasing the policy.
- 15. Presents the chance of loss but no opportunity for gain.
- 16. Can result in losses, such as health and personal well-being.
Down
- 1. Illegal uses of intellectual property, patents, trademarks, and copyrights.
- 2. Agrees to take on certain economic risks and to pay for losses if they occur.
- 3. Those that can be reduced or eliminated by actions you take.
- 4. The possibility of incurring a loss.
- 6. Exchanges the uncertainty of a possible large financial loss for a certain smaller payment.
- 8. Related to harm or injury to other people or their property because of your actions.
- 10. Those that can result in financial loss.