chapter 33.1 key terms created by Dylan Thomas

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