Chapter 33.1 Key Terms Created by: Lauren Fleetwood

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