Crossword Genius

Describing one who is insured being held up by a gunman (7)

Ross

I believe the answer is:

covered

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'one who is insured being held up by a gunman' is the definition.
Both the definition and answer are adjectives. Maybe there's a link between them I don't understand?

I can't explain the remainder of the clue.

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(Other definitions for covered that I've seen before include "Concealed; dealt with" , "Overlaid with something" , "Reported" , "Concealed; roofed over" , "given protection" .)

I've seen this clue in The Irish News.
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