Chapter 33.1 Key terms Created by: Breanna Graham

1234567891011
Across
  1. 2. risk- Risk that meets an insurance company's criteria for insurance coverage
  2. 3. risk- Risk that involves the likelihood of economic loss
  3. 5. risk- the threats of a loss with no opportunity for gain
  4. 6. management- The systemic process of managing risk to achieve your objectives
  5. 8. risk- Risk that is unacceptable to insurance carriers because the likelihood of loss is too high
  6. 9. paid protection against loss due to injury or property damage
  7. 10. risk- Risk that can be controlled to minimize the chance of harm
Down
  1. 1. risk- Risk that cannot be controlled to minimize chance of harm
  2. 4. risk- The risk of harm caused by human mistakes, dishonesty, or another risk that is attributable to people
  3. 7. risk- The possibility of a catastrophe such as a flood, tornado. hurricane, fire ,lightening, drought, or earthquake
  4. 11. The possibility of loss or injury