Chapter 33.1 Key Terms Created by: Madelyn Nay

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