Chapter 33.1 key terms created by Kyra Phillips

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