Chapter 33.1 Key Terms Created By: Brookalyn

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