Insurance and Risk

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Across
  1. 1. Risk A risk that involves the possibility of loss or gain
  2. 5. A contract between a business and an insurance company outlining coverage
  3. 9. A risk strategy where steps are taken to lessen the chance or impact of a risk
  4. 10. A section that explains important terms used in the policy
  5. 11. A strategy to keep a business running during and after disruptions
  6. 13. The rules and responsibilities required by the insurance policy
  7. 16. The possibility of financial loss or unexpected negative outcomes in a business
  8. 18. The section of a policy that lists key details like coverage and insured parties
  9. 19. The likelihood that a risk will occur
  10. 20. The effect or consequence a risk has on a business
  11. 23. The level of risk a business faces based on its activities
  12. 24. A risk strategy where the business eliminates the risk entirely
  13. 26. Risk A risk caused by changes in the economy such as inflation or recession
  14. 27. A risk strategy where the risk is passed to another party, often through insurance
  15. 28. Insurance that covers damage to buildings and physical assets
  16. 30. Actions taken to reduce the severity or likelihood of risk
  17. 31. The amount paid regularly for an insurance policy
Down
  1. 2. The protection provided by an insurance policy
  2. 3. A condition that increases the chance of a risk occurring
  3. 4. Insurance that protects against legal claims and lawsuits
  4. 6. A financial protection that covers losses in exchange for payment
  5. 7. Insurance that covers lost income during unexpected closures
  6. 8. A financial setback caused by a risk event
  7. 12. A risk strategy where the business accepts the risk and prepares to handle it
  8. 14. The part of a policy that explains what is covered
  9. 15. A request made to an insurance company for payment of a loss
  10. 17. Management The process of identifying, analyzing, and responding to risks
  11. 21. Insurance that covers employee injuries or illnesses from work
  12. 22. Risk A risk related to employees, such as injury or turnover
  13. 25. The amount paid out of pocket before insurance coverage begins
  14. 28. Risk A situation where there is only a chance of loss or no loss, not gain
  15. 29. Risk A risk caused by natural events like storms or earthquakes