Chapter 33.1 Key Terms Created by: Garrett Marquez

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