Chapter 33.1 Key terms created by Jake Hunsucker

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