Chapter 33.1 Key Terms Created by: Jenna Ebler

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