chapter 33.1 key terms created by Dylan Thomas

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