Chapter 33.1 Key Terms Created By: Maddie Hohnstreiter

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