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Chapter 24

Horizontales
amount the insured must pay before the insurance is required to chip in.
choosing appropriate vendors to supply desired business goods or services
businesses that sell products to other businesses
protects a business’s possessions in the event of fire, theft, and damage from wind or rain.
covers harm done by a business’s actions or failure to act
given to buyers for purchasing a large quantity of a product or service from a vendor.
holds the possibility of either gain or loss
purchasing a large quantity from a vendor to take advantage of a quantity discount
given to resellers who are in the same trade, industry, or distribution chain as a vendor
Verticales
the act of purchasing
covers expenses related to injuries sustained on the business premises
provides protection when a business’s actions or lack of action injures another party
limiting the chances that something bad will happen
amount of money the policyholder pays for coverage
protects a business from losses caused by a product it produced or developed
buying materials, products, and services for business purposes
the chance of loss with no chance of gain
written contract between the insurer and the policyholder