Risk Management

2. Person or company buying the policy
4. A form of risk protection that exchanges the uncertainty of a possible financial loss for a smaller payment
5. Risk that you can reduce or eliminate by your actions
8. Person or business for which the insurer assumes the risk
9. A risk that presents the chance of loss but no opportunity gain
11. Policyholder's request for payment for a loss that the insurance covers
12. Amount a policyholder must pay for insurance coverage
13. A risk that can lead to loss of personal or business property
15. Possibility of incurring a loss
16. Risk that can result in personal losses such as health and personal well-being

1. Policy stating the conditions to which the insurance company and policyholder have agreed
3. A risk that relates to harm or injury to other people or their property because of your actions
6. Illegal use of intellectual property, patents, trademarks, and copyrights
7. Risk that can result in financial loss
10. Exclusive rights to possess and use property and its profits
14. Companies that agree to take on certain economic risks and to pay for losses