Chapter 33.1 Key Terms Created By: Luke Prather

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