| A | B |
|---|
| speculative risk | risk that involves taking a chance for profit or loss |
| pure risk | the threat of a loss to a business without any possibility of gain |
| burglary | the act of breaking into and entering a home or business with the intent to commit a felony |
| robbery | the taking of property by force or threat |
| electronic credit authorizers | machines that verify if a credit card is good |
| negligence | the failure to exercise reasonable care |
| premium | a fee required to transfer risk to an insurance company |
| business interruption insurance | a type of insurance which pays net profits and expenses if a business is shut down for repairs or rebuilding |
| casualty insurance | a type of insurance which protects a business from lawsuits |
| errors-and-omissions insurance | a type of insurance which protects a business again lawsuits for mistakes in advertising |
| product liability insurance | a type of insurance which protects a business against claims for injuries resulting from using the product |
| fidelity bonds | a type of casualty insurance which protects a company in case of employee theft |
| performance bonds | a type of casualty insurance which protects a business if work or a contract is not finished on time or as agreed |
| workers' compensation | a government-regulated program that provides medical and income benefits to employees who are injured on the job |
| independent insurance agent | a person who works in a specific geographic area and represents several insurance companies |
| direct insurance writer | an agent who works for one specific insurance company |
