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Insurance
Junior Cert Business Studies
| Term | Definition |
|---|---|
| Theft Insurance | theft of equipment and stock= |
| Fire Insurance | damage to premises, equipment and stock= |
| Consequential Loss | covers the firm for loss of profits while a business is closed as a result of fire or flood= |
| Fidelity Guarantee | compensates an employer for loss of cash arising from dishonest workers= |
| Cash in Transit | covers theft of cash while in transit between the business and bank= |
| Goods in Transit | covers theft or damage to goods while been transported= |
| Motor Insurance | compulsory covers damage or injury cause by motor vehicles= |
| Employers liability | employees injured at work= |
| Public liability | customers injured while visiting the business= |
| Product liability | injury to customers using the product= |
| Bad debts | loss due to customers not paying their debts= |
Created by:
athlonebusinessstudies
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