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