Chapter 33.1 Key Terms Created by Ethan Rollins

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Across
  1. 3. occurs when there is likelihood of economic loss
  2. 8. is a risk that meets an insurance criteria for insurance coverage
  3. 9. occurs when conditions can be controlled to minimize the chance of harm
  4. 11. is the systemic process of managing risk to achieve your objectives
Down
  1. 1. is the responsibility of loss or injury
  2. 2. cannot be controlled
  3. 4. is the possibility of a catastrophe cause by a flood or earthquake
  4. 5. occurs when there is likelihood of economic loss
  5. 6. is a risk that is unacceptable to insurance carriers
  6. 7. is paid protectoin against loss due to injury or property damage
  7. 10. is the threat of a loss with no opportunity for gain