Across
- 3. insurance company that is owned by the company it insures
- 4. Reducing the chance of loss to zero by never undertaking a certain activity
- 5. size or cost of a loss that might occur
- 6. Steps taken to reduce how often a loss happens, such as safety features
- 9. number of losses that are likely to happen during a certain time
- 10. amount of money taken out of an insurance payment that the company must pay first
Down
- 1. method used to pay for losses that have a low chance of happening but are very expensive
- 2. When a firm decides to keep and pay for the losses themselves
- 7. Measures taken to make a loss less severe after it has already happened
- 8. main goal for a company to stay in business after a major loss occurs