The term PROTECTED AGAINST LOSS can be summarized by the crossword solution INSURED, which is a seven-letter word. Insurance is a form of risk management that is used to protect against the potential financial loss of an individual or business. It is a contract between two parties, in which one party agrees to pay a predetermined amount of money to the other party in the event of a specified loss. Insurance can be used to protect against a variety of losses, such as property damage, medical expenses, and legal fees.