Chapter 33.1 Key Terms Created by: Kevin Vasquez

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