Column 1 is a list of business terms - Leaving Cert Business - Question 5 - 2009
Question 5
Column 1 is a list of business terms. Column 2 is a list of explanations for these terms. (One explanation has no match)
Column 1: Terms
1. Insurable Interest
2. Em... show full transcript
Worked Solution & Example Answer:Column 1 is a list of business terms - Leaving Cert Business - Question 5 - 2009
Step 1
1. Insurable Interest
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B. The insured must have a financial interest in the item insured.
Step 2
2. Employer’s Liability Insurance
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D. This insures employees while working.
Step 3
3. Premium
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A. The fee paid for insurance annually.
Step 4
4. Policy
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F. Contract document between insurance company and the insured.
Step 5
5. Indemnity
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C. A profit cannot be made from an insurance claim.
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