| 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 | 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. 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 | The possibility of a financial loss. |
| 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 who are injured on the job. |
