Premium
Payment for insurance

Policy
Written contract or certificate of insurance

Insured
Protect by insurance

Insurance
Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

Indemnity
Protection against future loss

Claim
An assertion of a right (as to money or property)

Broker
A businessman who buys or sells for another in exchange for a commission

Risk
A venture undertaken without regard to possible loss or injury