Chapter 33.1 Key Terms By: McKenzie Bailey

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