Chapter 33.1 Key Terms Created By: Grace Otte

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