| A | B |
|---|
| Business Interruption Insurance | Insurance that makes up for lost income if a business is shut down for repairs or rebuilding |
| Business Risks | The possibility of business failure or loss |
| Casualty Insurance | Protects a business from lawsuits. It pays a claim if a person is injured on your business premises or if a worker causes damage |
| Economic Risks | Risks that result from changes in overall business conditions |
| Errors-and-Omissions Insurance | Protects manufacturers from claims for injuries that result from using their products |
| Fidelity Bonds | Protect companies from employee theft |
| Human Risks | Risks caused by human errors as well as the unpredictability of customers, employees, or the work environment |
| Life Insurance | Pays a business in the event of the insured person’s death. |
| Natural Risks | Risks resulting from natural causes |
| Performance Bonds | Protect a business if work is not finished on time or as agreed |
| Personal Property | Any property that is unattached. Personal property includes items such as clothing, furniture, jewelry, and automobiles |
| Property Insurance | Covers the loss of physical property |
| Pure Risk | The possibility of loss to a business without any possibility of gain |
| Real Property | Buildings, land, and fixtures |
| Risk Management | The process of managing a business’s exposure to risk in order to achieve business objectives |
| Risk Retention | Self-insurance against business loss |
| Robbery | The taking of property by violence or threat |
| Shoplifting | A form of external theft that involves taking items from a business without paying for them |
| Speculative Risk | Risking loss to make a profit with the possibilities of loss, no change, or gain |
| Workers’ Compensation | A government-regulated program that provides medical benefits and income to employees injured on the job |
