Chapter 33.1 Key Terms Created by Phoebe Gray

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