True or False:Insurance, policyholder, premuim, and probabilty are the ONLY examples of insurance concepts.
False
100
A person or group in whose name an insurance policy is held.
Policy Holder
100
Take this cover to insure your home against loss or damage as a result of fire, electricity fault, plumping malfunction, flood, etc.
House Insurance or Home Insurance
100
What is Jomare's favorite color?
Red!!
200
A person orcompany that underwrites an insurance risk;
Insurer
200
True or False:Policy Agreement Anaylists is an example of a career in the insurance field
False
200
An amount to be paid for an insurance policy
Premuim
200
Insurance to cover your car if an accident were to occur
Vehicle Insurance
200
What does Jomare like to do in his spare time?
Eat !!!
300
Use their analytical skills to predict the risk of writing insurance policies
Actuaries
300
True or False:There are possible business threats and employ risk that can minimize potential financial lost.
True.
300
A situation involving exposure to danger
Risk
300
Insurance that works to protect a business in such a case, with coverage available to be tailored speciffically to a specific type of product.
Product Liability Insurance
300
What does Zaniyyah like to do in her spare time?
SHOPPING!
400
The state of being responsible for something, especially by law.
Liability
400
True or False:Product Liabillity Insurance works to protect a business.
True.
400
State or asset that something is the case, typically without providing evidence or proof
Claim
400
Insurance to cover your equipment and inventory in the event of a problem
Home Based Business
400
What is Zaniyyah's Favorite color?
Red!!
500
An amount tobe paid for an insurance policy
Compensation
500
True or False:A vechicle should be fully insured to protect businesses against liability if in an accident
True
500
The extent to which something deals with or applies to something else
Coverage
500
also known as errors and omissions insurance, covers a business againist negligence claims due to harm that results from mistakes or failure to perform