Chapter 33.1 Key Terms Created by: Brett Kleber

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