Chapter 33.1 Key Terms Created by: Kasidy Montgomery

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