Ch 33.1 Key Terms Created by: Emily Kleman

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