33.1 Vocabualry Terms Created By: David Shuffitt

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Across
  1. 3. paid protection against loss due to injury or damage
  2. 4. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
  3. 6. a risk that is unacceptable to insurance carriers because the likelihood of loss is too high
  4. 9. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake
  5. 10. the possibility of loss or injury
  6. 11. occurs when conditions can be controlled to minimize the chance of harm
Down
  1. 1. threat of a loss with no opportunity for gain
  2. 2. occurs when there is likelihood of economic loss
  3. 5. risk that cannot be controlled
  4. 7. a risk that meets an insurance company's criteria for insurance coverage
  5. 8. the systematic process of managing risk to achieve your objectives