Chapter 33.1 Key Terms Created By: Mallory Minton

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