Risk Management

4. covered by insurance
5. those which you can do something about. These include currency exchange risks, addressing skills issues, poor cashflow, lawsuits, etc.
7. a company taking responsibility for accidents that happen in their buildings. For example: a costumer slipping and falling ont he wet floor in your store.
9. a person or company that underwrites an insurance risk; the party in an insurance contract undertaking to pay compensation.
12. usually used to indicate an infringement of intellectual property rights, namely acts carried out without the consent of the intellectual property right holder.
13. means of protection from financial loss

1. the person who owns the insurance policy. This person is the one who purchases the policy and can make adjustments to it.
2. the amount you pay for your health insurance every month
3. the exposure a company or organization has to factor that will lower its profits or lead to fail.
6. a request for your insurance company to pay for something your insurance covers, such as a car accident, a house fire or a visit to the emergency room.
8. the possibility that changes in macroeconomic conditions will negatively impact a company or investment
10. anything that exposes you to the risk of losing something of value. Usually associated with your financial investments and insurance.
11. risk events that specifically impact an organization’s facilities and other physical infrastructure.
12. risks that are beyond human control and result in a loss or no loss with no possibility of financial gain.