| A | B |
|---|
| Insurance policy | a written contract betwen teh insurer and the insured, designed to cover specific future losses such as theft, accident, fire, flood, illness, or death |
| coverage | protection for a specific type of loss on an insurance policy, such as flood or fire. |
| claim | a written request for reimbursement to cover loss or damage that occurred from a specific event. |
| uninsured | having no insurance |
| underinsured | not having enough insurance |
| Risk | any situation in which some kind of loss or misfortune is possible |
| Insurance | protection against risk that financially compensates individuals in case of a loss |
| insured | individual who buys insurance. |
| premiums | periodic payments made by the insured to the insuring company; premiums create a pool of money that the insurer invests to earn more money, which is used to compensate the insured for losses. |
| Insurer | the insuring company |
| Liability | Legal responsiblity to provide compensation for certain types of injury or loss |
| Real Property | permanent structures and objects such as buildings, fences, and built-in appliances |
| Personal Property | anything not permanently attached, such as cars, RVs, furniture, clothing, and personal items. |
| Insurability | ability of an individual who has applied for insurance to be accepted by the insurer |
| Product options | special features added to a basic insurance polity |
| deductible | the amount of money you, the insured, agree to pay in the event of a loss, prior to the insurer paying the rest of the claim amount. |
| Subordinate | Someone who is subject to the authority and control of another person |
| Performance Review | The process of assessing how well employees are doing their jobs. |
| Work Schedules | Schedules identifying the tasks to be done, employees assigned to the work, and the time frame for completion of each task. |
| Work Coach | Experienced manager who meets regularly with a new manager to provde feedback and advice. |
