Chapter 33.1 Key Terms Created by: Noah Briseno

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