Chapter 33.1 Key Terms Created by Jacob Rockey

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Across
  1. 2. the threat of a loss with no opportunity for gain.
  2. 4. occurs when conditions can be controlled to minimize the chance of harm.
  3. 5. a risk that is unacceptable to insurance carriers because the likelihood of loss is to high.
  4. 6. the systemic process of managing risk to achieve your objectives.
  5. 7. occurs when there is likelihood of econimic loss.
  6. 9. a risk that meets an unsurance company's criteria for insurance coverage.
  7. 10. the possibility of a catastrophe caused by a flood, ronado, hurrican,e fire, lightning, drought, or earthquake.
Down
  1. 1. a paid protection against loss due to injurt or property damage.
  2. 3. cannont be controlled.
  3. 6. is the possibility of loss or injurt.
  4. 8. is the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people.