Unit 5C: Insurance

Front

Risk transfer might be achieved by purchasing insurance.

Back

True

Front

Health insurance provides income to a person who is unable to work due to a work-related illness or injury.

Back

False

Front

Which type of insurance coverage protects against damage to your own vehicle when you are at fault in hitting another car?

Back

Collision coverage

Front

Provides payments for both liability and property insurance on a vehicle

Back

automobile insurance

Front

Someone who receives money if an insured person dies

Back

beneficiary

Front

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury

Back

claim

Front

The risks covered and amount of money paid for losses under an insurance policy

Back

coverage

Front

Provides payment to replace earnings during times when workers cannot work due to illness or injury

Back

disability insurance

Front

What are products or services that add extra value for employees beyond earned wages? Options: disability insurance, employee benefits, health insurance, automobile insurance

Back

employee benefits

Front

Provides money to pay for health care for illness, injury, or, in some cases, preventative care

Back

health insurance