Chapter 33.1 Key Terms By: McKenzie Bailey

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