Risk Management

2. :The person or company buying the policy
4. :A form of risk protection that exchanges the uncertainty of a possible large financial loss for a certain smaller payment
5. : A risk that you can reduce or eliminate by actions you take
8. :The person or business for which the insurer assumes the risk
9. :A risk that presents the chance of loss but no opportunity for gain
11. :A policy holders request for payment for a loss that the insurance policy covers
12. :The amount a policy holder must pay for insurance coverage
13. :A risk that can lead to loss of personal or business property including money, vehicles, and buildings
15. :The possibility of incurring a loss
16. : A risk that can result in personal losses such as health and personal well-being

1. :A policy stating the conditions to which the insurance company and the policy holder have agreed
3. :A risk that relates to harm or injury to other people or their property for your actions
6. :Illegal uses of intellectual property, patents, trademarks, and copyrights
7. :A risk that can result in financial loss, including personal risk, property risk, and liability risk
10. :The exclusive rights to possess and use property and its profits
14. :A company that agrees to take on certain economic risks and to pay for losses if they occur