Agrees to take on certain economic risks and to pay for the losses if they occur.
Insurer
Those that can be reduced or eliminated by actions you take.
Controllable Risk
Illegal uses of intellectual property, patents, trademarks, and copyrights.
Counterfeiting
The amount the policyholder must pay for insurance coverage.
Premium
The person or business for which the risk is assumed.
Insured
Those that can result in a financial loss.
Economic Risk
The possibility of incurring a loss.
Risk
A policyholder's request for payment for a loss that is covered by the insurance policy.
Claim
The person or company purchasing the policy.
Policyholder
Presents the chance of loss but no opportunity for gain.
Pure Risk
The exclusive rights to possess and use property and its profits.
Property Rights
States the conditions to which the insurance company and policyholder have agreed.
Insurance Policy
Exchanges the uncertainty of a possible large financial loss for a certain smaller payment.
Insurance
Can result in losses, such as health and personal well-being.
Personal Risk
Can lead to a loss of personal or business items such as money, vehicles, and buildings.
Property Risk
Related to harm or injury to other people or their property because of your actions.
Liability Risk
Agrees to take on certain economic risks and to pay for the losses if they occur.
Insurer
Those that can be reduced or eliminated by actions you take.
Controllable Risk
Illegal uses of intellectual property, patents, trademarks, and copyrights.
Counterfeiting
The amount the policyholder must pay for insurance coverage.
Premium
The person or business for which the risk is assumed.
Insured
Those that can result in a financial loss.
Economic Risk
The possibility of incurring a loss.
Risk
A policyholder's request for payment for a loss that is covered by the insurance policy.
Claim
The person or company purchasing the policy.
Policyholder
Presents the chance of loss but no opportunity for gain.
Pure Risk
The exclusive rights to possess and use property and its profits.
Property Rights
States the conditions to which the insurance company and policyholder have agreed.
Insurance Policy
Exchanges the uncertainty of a possible large financial loss for a certain smaller payment.
Insurance
Can result in losses, such as health and personal well-being.
Personal Risk
Can lead to a loss of personal or business items such as money, vehicles, and buildings.
Property Risk
Related to harm or injury to other people or their property because of your actions.
Liability Risk