Insurance 05 : A contract to finance the cost of risk. Should a named risk event (loss) occur, the insurance contract will pay the holder the contractual amount
Business Continuity Institute, Lyndon Bird (FBCI), Dictionary of Business Continuity Management Terms (Version 2), Caversham, UK 2011. http://www.thebci.org/glossary.pdf, (BzCntMgt - Brit) {18}