Chapter 33.1 Key Terms Created by: Eli Wood

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