| A | B |
|---|
| Asset | Item of value owned by an individual or firm |
| Business interruption insurance | insurance that pays for income lost when a business is closed because of a covered disaster |
| Diversification | increasing market penetration by moving into new markets/broading consumer base |
| Employee confidentiality agreement | An agreement, signed by an employee, not to disclose sensitive information about a business |
| Fire insurance | insurance protecting a business or individual from the costs of damage by fire |
| General liability insurance | insurance protecting a business from lawsuits |
| Insurance | a principal way of transferring risk to a third party, an agreement in exchange for regular payments |
| Malpractice | misconduct by a professional |
| Mitigate | to lessen or minimize the severity of one's losses or damage |
| Product liability insurance | insurance protecting a company from lawsuits if someone is injured by its product |
| Product testing | testing to determine the safety and functionality of a product |
| Risk | the potential for a negative event |
| Risk mitigation | to reduct the risk to an asset through reducing the probability of a problem |
| Strategic partnership | A partnership between two businesses, where they share resources, joint venture |
| Surety bond | a monetary guarantee that an obligation will be fulfilled. If the obligation is not fulfilled, the offended party gets to recoup its losses via the bond |
| Theft insurance | insurance protecting a business or individual from theft |
| Vehicle insurance | insurance that protects vehicle and other expenses associated with an accident |
| Workers compensation | monetary compensation for an employee injured while working, pays % of lost wages & medical care for that injury |
| Workers compensation insurance | insurance protecting a business from workers' compensation claims |
| Data Insurance | protects against the possibility of loss or damage to computer information |
