Chapter 33.1 key terms by: Cheaney Reichenbacker

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