Chapter 33.1 key Terms Created By Megan Lake

1234567891011
Across
  1. 5. The systemic process of managing risk to achieve your objectives
  2. 7. Occurs when conditions can be controlled to minimize the chance of harm\
  3. 9. Paid protection against loss due to injury or property damage
  4. 10. The possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake
  5. 11. The possibility of loss or injury
Down
  1. 1. Cannot be controlled
  2. 2. A risk that is unacceptable to insurance carriers because the likelihood of loss is too high
  3. 3. The threat of loss with no opportunity for gain
  4. 4. A risk that meets an insurance company's criteria for insurance coverage
  5. 6. Occurs when there is likelihood of economic loss
  6. 8. Risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people