Across
- 3. program in which funds paid by employers are accumulated and used as the payment for workers during periods of unemployment beyond the workers’ control
- 9. loss of health insurance due solely to being temporarily unemployed
- 12. when a business cannot prevent or transfer a certain type of risk and retains or assumes the financial consequences of a loss
- 13. provides financial protection for a vehicles and drivers; includes bodily injury liability,property damage liability, collision and comprehensive
- 15. probability, amount or type of possible loss incurred and covered by an insurer
- 19. process by which you consider all possible risks and determine which are the most significant for a particular business
- 20. anything which increases the likelihood of loss through some peril
- 21. steps taken to prevent a risk from occurring
- 22. form of protection which eases the financial burden people may experience as a result of illness or injury; includes group health insurance, COBRA Consolidated Omnibus Budget Reconciliation Act; allows individuals to keep a former employer’s group coverage for a set period of time and protects against
- 23. Risk risk in which there is only a chance of loss and no chance of gain
Down
- 1. insurance package which combines coverage for may risks; similar to a homeowner’s policy for a business
- 2. anything which may cause possible loss
- 4. protects against damages for which the insured may be held legally responsible; includes fidelity bonds, performance bonds and credit insurance
- 5. refusal to engage in a particularly hazardous activity
- 6. protects leadership of a business from claims filed against them for actionsmtaken while leading the organization
- 7. amount or type of protection provided by an insurance policy for the business a policy covers
- 8. failure to take ordinary or reasonable care to prevent accidents from happening
- 10. covers loss of or damage to buildings, equipment, machinery, merchandise, furniture and fixtures; includes replacement cost coverage, automatic increase protection and business interruption insurance
- 11. wide variety of insurance coverage which can reduce, mitigate or compensate for exposure to risk for the business or its employees
- 14. risk which carries a chance of either loss or gain
- 16. financial protection which continues to pay a portion of a worker’s pay when he or she has sustained a work-related injury and can no longer work; includes workers’ compensation and Social Security
- 17. insurance coverage for special aspects only associated with particular business types; examples include web insurance and malpractice insurance
- 18. transfer of risk to another individual or entity, typically an insurance company