Chapter 33.1 Key Terms By: McKenzie Bailey

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