Chapter 33.1 Key Terms Created by Jacob Rockey
Across
- 2. the threat of a loss with no opportunity for gain.
- 4. occurs when conditions can be controlled to minimize the chance of harm.
- 5. a risk that is unacceptable to insurance carriers because the likelihood of loss is to high.
- 6. the systemic process of managing risk to achieve your objectives.
- 7. occurs when there is likelihood of econimic loss.
- 9. a risk that meets an unsurance company's criteria for insurance coverage.
- 10. the possibility of a catastrophe caused by a flood, ronado, hurrican,e fire, lightning, drought, or earthquake.
Down
- 1. a paid protection against loss due to injurt or property damage.
- 3. cannont be controlled.
- 6. is the possibility of loss or injurt.
- 8. is the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people.