Chapter 33.1 Key Terms Created by: May Huff

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