Across
- 4. Alternative to self-insurance. In this case parties establish a licensed insurance company for their own use and benefit
- 5. Flexible loan from a lender, allowing you to borrow money up to a set limit, repay it, and borrow again, paying interest only on the amount used, not the total
- 9. Probable size of the loss occurring
- 10. An arrangement by which a company undertakes to provide a guarantee of compensation for specified loss
Down
- 1. Uncertainty of loss, because of changes in commodity prices, interest rates or exchange rates
- 2. A highly customized insurance contract, that is specially crafted to meet specific risks
- 3. Acronym of a group captive that can write any type of liability coverage except employers’ liability, workers compensation
- 6. A situation with only two outcomes: a definite loss or no loss
- 7. Completely bypass activities or decisions that might lead to the loss occurring
- 8. Condition that increases the change of the loss occurring