Chapter 33.1 Key Terms Created by: Cy juergens

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