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Insurance

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Insurance   show
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Premium   show
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show Provides insurance for both households and businesses.  
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show Works for him or herself to sell insurance on behalf of a number of insurance companies.  
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Insurance Agent   show
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Proposal Form   show
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Insurance Policy   show
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show A brief written summary of the main points of the insurance policy.  
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show Sent by the Insurance company stating that the insurance is in place.  
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Renewal Notice   show
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Life Assurance   show
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Endowment Insurance   show
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Insurable Interest   show
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show You must tell all relevant information when filling out the proposal form. (You must be truthful) E.g., If you have an illness you must tell the insurance company as they may want to charge you a higher premium or not insure you at all.  
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Indemnity   show
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Contribution   show
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Subrogation   show
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Loading   show
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show Is a person sent by the insurance company to inspect the damage and calculate the amount of compensation that should be paid to the insured person.  
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Average-Clause   show
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show This covers the business from loss of profits resulting from having to stop trading while fire damage is being repaired.  
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Public Liability Insurance   show
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Product Liability Insurance   show
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show This covers the business against loss of income due to fraud or dishonesty by an employee.  
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show Compensation is paid if an employee is injured or killed.  
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show This refers to any risk which no Insurance company will insure.  
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Exclusion Clause   show
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Policy Excess   show
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Created by: cfenlon14
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