Chapter 33.1 Key Terms Created By: Molly Glover

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