Chapter 33.1 Key Terms Created by: Aaron Lucas

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Across
  1. 4. Occurs when conditions can be controlled to minimize the chance of harm
  2. 6. The possibility of loss or injury
  3. 7. The sytematic process of managing risk to achieve your objectives
  4. 10. A risk that is unacceptable to insurance carriers because of the likelihood of loss is too high
  5. 11. The threat of a loss with no opportunity for gain
Down
  1. 1. Paid protection agianst loss due to injury or property damage
  2. 2. A risk that cannot be controlled
  3. 3. A risk that meets and insurance comypany's criteria for insurance coverage
  4. 5. The possibility of a catastrophe caused by a flood, tornado, fire, lightning, drought, or earthquake
  5. 8. Occurs when there is likelihood of economic loss
  6. 9. The risk of harm caused by human mistakes, dishonesty, or other risks attributed to people