Chapter 33.1 Key Terms Created By: Brendan Smith

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