Covered against loss (7)
I believe the answer is:
insured
<span class="explanation-format__ClueExplanation">'<span class="explanation-format__original">covered against loss</span>' is the definition.<br/ ><span class="explanation-format__explanation">(I've seen this before)</span><br/ ><br/ >This is all the clue.<br/ ></span>
(Other definitions for insured that I've seen before include "Protected against loss" , "Financially covered" , "Covered, maybe against damage to 23 ..." , "Covered for losses" , "Protected against risk" .)