Chapter 33.1 Key Terms Created by: Cody Estes

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