Chapter 33.1 Key Terms Created By: Ashley Gallo
Across
- 2. The risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
- 3. Cannot be controlled
- 7. Occurs when there is likelihood of economic loss
- 8. Paid protection against loss due to injury or property damage
- 9. The threat of a loss with no opportunity for gain
Down
- 1. The systemic process of managing risk to achieve your objectives
- 3. A risk that is unacceptable to insurance carriers because the likelihood of loss is too high
- 4. Occurs when conditions can be controlled to minimize the chance of harm
- 5. The possibility of loss or injury
- 6. A risk that meets an insurance company's criteria for insurance coverage