Chapter 33.1 Key Terms Created by Ansgar Wiechert

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